Taxability & which ITR to be filed

I m salaried class person. I have received an immovable property worth Rs 45,00,000/- from my maternal uncle ie (mama) . Is it a gift received from a relative & which ITR form I have to file & in which column this is to be shown. A K Gupta Mobile: 9810103385
Replies (2)
Quick Summary
This discussion clarifies the tax implications of receiving an immovable property as a gift from a maternal uncle. It confirms that gifts from specified relatives are exempt from income tax. The advice given is to file ITR-1, as the gifted property does not require a separate declaration in a specific column for tax purposes.

ITR 1 should be filed
Go for ITR 1... property received is gift and it's exempted under income tax act

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