How to show gifts (cash) received on marriage in itr?

it should be credited to capital a/c. & write in bracket (recd at the time of marriage)

if u r filing on-line the no need to give  but if you are filing manually then u have to prepare balace sheet & capital account along with computation of total income.

Hi Chetan,

Gifts received at the time of marriage is exempted from taxation.

So you don't have to show GIFTS in ITR. just add the same with your capital and show it in the Balance Sheet portion of the ITR.

Regards

Prateek

Thanks alot ... that solves my query 

I hv recd gift fm my father in form of Cash.

1. Any "gift-letter" should be given by my father to me?
2. If YES, what my father should write in that letter?
3. Please give me FULL letter which I will get it written from my father & preserve it for any IT...........purpose.

Gift received on occassion of marriage or any other incomes which are exempted from tax should be shown under the schedule "DETAILS OF EXEMPTED INCOME" in ITR.

What should be the format of the gift-letter?

Pls answer my above pointwise.

You are not required to show it in ITR as it is tax free.

Dear !!!! There is not any such specified format for the same.

Except in ITR 1, we have to show all tax free incomes like Dividend, Gift, PPF Interest etc. in remaing ITR Forms.

Please solve my queries posted in FORUM under subject "Company's mobile".

Thanks in advance

Dear Sandeep,

In case of gifts, a gift deed has to be made by your father in your name. The same should be in a stamp paper.

It should mention the amount and reason for giving the gift.

Regards

Prateek

Please keep full detail of gift received in cash at the time of marriage in your record . You need not to show full detail in ITR , But show the total of receipt .

                                                                                                              VINOD GUPTA