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
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
You can continue with ITR 1. Just disclose the amount in Schedule EI i.e. details of exempt income under the head Others.
| Originally posted by : Ankit Agarwalla | ||
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You can continue with ITR 1. Just disclose the amount in Schedule EI i.e. details of exempt income under the head Others. |
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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.
Also as the amount is 43,000 which is more than 5000 then should i need to fill ITR 2?
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?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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