Dears, If a son transfer money to his parents (20L) should it be declared by his father/ mother as gift in the income tax filling?
V Sundaram (Others) (22 Points)
19 June 2016Dears, If a son transfer money to his parents (20L) should it be declared by his father/ mother as gift in the income tax filling?
V Sundaram
(Others)
(22 Points)
Replied 23 July 2016
Should it be put up in "Income from Other sources" or "Exempt Income"
Thank you.
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