Income tax return with gift to mother

Hi All,

I am a salaried person receiving FORM-16 from my company. I have additional agriculture income and income and loss from stock investment. In the financial year of 2016-17 i have give fair amount of money to my mother. I need to file my income tax return with all above sources of my income and gift to my mother.

Which forms do i need to fill in my return?

Do i need to show the amount given to my mother, if yes in which form?

Pleaes guide my picking the correct form and avoid any trouble from income tax department.

Thanks

Sachin

Replies (5)

irt 2 is  for return 

if amount is huge prepare gift deed 

Does it also have provision for the agriculture income and stock loss?

yes provision for all the both thing is there 

do one thing down load the irt 2 go through it u will come to know 

Hi Samir, Thanks a lot for your guidance. One more thing, do i need to show it in my mothers return that she received gift from me? If YES, which form do i need to fill. She is not employed but makes some income from home tutions, agriculture land. Please suggest.
No need to show any gift in returns, but you can prepare a gift deed on safer side.

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