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 .
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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.
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