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Money sent to my mother not declared in her ITR

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KALPESH JOSHI

190 Points Posted on 30 July 2022

Hi, I Have sent an almost considerable amount of my earnings to my mother's bank account for her day to day expenditure.. she filed her income tax form showing interest from that amount also but she did not Declare it under exempt income ( gift received from relative = that is SON). Will she face any consequences in future for this? along with penalty and interest?
Note:- I have transferred it via IMPS mode only not CASH. also, there is no Notarised gift deed made for this purpose.

Thanks

Replies (3)

Quick Summary

A user sent a significant amount of money to their mother via IMPS for her expenses. While she declared the interest earned on this sum in her Income Tax Return (ITR), she did not declare the gift itself as exempt income from a relative. The user is concerned about future consequences, penalties, and interest. The advice given is that while a query might be raised by tax authorities, it can be clarified at that time, and penalties or interest are unlikely.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121476 Points Posted on 30 July 2022

No need to worry at this stage. At the most query may be raised, at that time such things can be clarified.

But there won't be any penalty or interest.

KALPESH JOSHI

190 Points Posted on 30 July 2022

Originally posted by : Dhirajlal Rambhia
	No need to worry at this stage. At the most query may be raised, at that time such things can be clarified. But there won't be any penalty or interest.