Hello,
I have income from salary and FD interest. Last year i recived a cheque of Rs 43,000 as gift from my father. I generally fill ITR-1 but this time since i have to show this gift amount which ITR form should i need to download?
Thanks
mayuri (n/a) (63 Points)
24 July 2013Hello,
I have income from salary and FD interest. Last year i recived a cheque of Rs 43,000 as gift from my father. I generally fill ITR-1 but this time since i have to show this gift amount which ITR form should i need to download?
Thanks
Ankit Agarwalla
(CA)
(281 Points)
Replied 24 July 2013
You can continue with ITR 1. Just disclose the amount in Schedule EI i.e. details of exempt income under the head Others.
mayuri
(n/a)
(63 Points)
Replied 24 July 2013
| Originally posted by : Ankit Agarwalla | ||
 |
You can continue with ITR 1. Just disclose the amount in Schedule EI i.e. details of exempt income under the head Others. |
 |
Thanks Ankit,
Please confirm that it is ITR1 as i have read somewhere that if such gits are recived then you have to fill ITR 4 to include the amount.
mayuri
(n/a)
(63 Points)
Replied 24 July 2013
Also as the amount is 43,000 which is more than 5000 then should i need to fill ITR 2?
mayuri
(n/a)
(63 Points)
Replied 25 July 2013
Looks like people here are confused between ITR 1 and ITR2. Anyhow i am filling ITR 2.
Anybody can please help.... in which section should i put this amount in ITR 2 form, on which sheet?
Ankit Agarwalla
(CA)
(281 Points)
Replied 29 July 2013
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