I received 100 shares of Tata Steel from my brother into my trading account.How shall I show as exempt income. Is there any option to show capital assets acquired from Relatives which is free from Tax.
Thanks,
R
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Stocks received as gift from my brother, how do i show in itr ?
Replies (3)
Gift as such you have not show under EI schedule. However it will be shown under Investment and same value credited to capital Account. Value will be deemed to be cost of shares of your brother who has gifted to you.
Sir, can you guide me how and where shall I show "credit to capital account" in ITR3.
Can someone help me out.
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