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 .
Menu
If i got gift from somebody
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.
Recent Threads
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
- FCN ( Financial Credit Notes) Treatement in Books
- Indemnity bond notarization for Income Tax (NRI ou
Related Threads
CAclubindia
