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If i got gift from somebody

ITR Filing 428 views 3 replies

Hii Experts ,

Please GUIDE ME

MY BLOOD RELATIVE GIFTED ME SOME CASH 15 YEARS AGO . NOW HE IS NO MORE . I DEPOSITED THAT AMOUNT IN BANK AND MADE A FD . NOW I AM RECEIVING INTEREST . WILL I HAVE TO WOORY ABOUT THE SOURCE OF INCOME OD DONOR ? HE GIFTED ME AND I ACCEPTED IT . THATS IT . WILL SOURCE OF INCOME OF DONOR CREATE ANY PROBLEM FOR ME . I HAVE A GIFT DEED .

Replies (3)
No..nothing to worry...gifts are exempt..further no clubing provisions in your case... Further, such case being very old cannot be reopened as maximum reopening time Is 6 yes ..

ok sir but i never showed my fd interest . i am a salaried employee . i never filed itr . tds deducted from my salary . now that fd interest will club with my income . If i file an itr what will happen ? Since fd is too old and i am also receiving interest from 15 years .

You should file ITR for FY 2012-13 & 2013-14. U Can do through e filing its so easy.


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