ITR filing required or not

ITR 482 views 1 replies

Hello Experts,

Posting on behalf of someone.

Child is transferring money to parents to secure the future of them.

Parents are investing that money to groww it.

 

Shouls parents file ITR for getting money from child.

Consider no other income and interest earned from investment is less which is much below 2.5 lakh.

 

Replies (1)

Not mandatory, unless child transfers the amount from abroad.


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