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Income tax manadatory

Others 291 views 6 replies
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B.com
3024 Points Posted on 13 November 2021
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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On 13 November 2021 at 16:50 Report
Replies (6)
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73 Points Posted on 13 November 2021
I hope not required
as gift from relative is exempted
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On 13 November 2021 at 17:04
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Chartered Accountant
24588 Points Posted on 13 November 2021
Not required
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On 13 November 2021 at 17:36
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85 Points Posted on 13 November 2021
ITR SHOULD BE FILED AND THE GIFT SHOULD BE SHOWN UNDER "EXEMPTED INCOME" TO AVOID FUTURE TROUBLS
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On 13 November 2021 at 18:08
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Chartered Accountant
24588 Points Posted on 13 November 2021
Not required to file
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On 13 November 2021 at 20:07
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Practising CA
8954 Points Posted on 14 November 2021
Theoretically, not required. But practically, it is advisable.
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On 14 November 2021 at 11:58
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Chartered Accountant
24588 Points Posted on 14 November 2021
Yes ..
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On 14 November 2021 at 16:47


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