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Gift

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(Querist)
19 May 2016 I have donate Rs 50000/- as a gift in cash to my sister , can i tax exemption under which section and how to show while filling ITR-1 Return please suggest
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 May 2016 no any exemption per se for GIFT. In ITR you dont have to write anything to that effect.
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Rupesh Jain

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Rupesh Jain (Expert)
19 May 2016 ITS EXEMPT FOR your sister, you have nothing to do.
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