it assess source of income below taxable limit (rs:2,50,000/-)
cash gift from parents rs:12 lacs through on online mode received.
question:
assess it returns manadatory.
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Income tax manadatory
Replies (6)
I hope not required
as gift from relative is exempted
as gift from relative is exempted
Not required
ITR SHOULD BE FILED AND THE GIFT SHOULD BE SHOWN UNDER "EXEMPTED INCOME" TO AVOID FUTURE TROUBLS
Not required to file
Theoretically, not required. But practically, it is advisable.
Yes ..
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