Which ITR for gift
prasanth (ipcc) (209 Points)
30 August 2021
which itr form ? I will file for cash gift transfer through bank from my father and sister
1 Replies
Rizwan
(GST Practitioner)
(178 Points)
Replied 30 August 2021
Up to 50,000 gift is exempted... if taking more than that...whole amount will be taxable & income from other sources to be considered . ITR form depends on your income sources.. . if your salaried individual you can file ITR-1....
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