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Gift from father in cash

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(Querist)
13 October 2014 I want to know while filing ITR where we hv to show d gift recieved from Father in Cash. what treatment of this transaction to b made.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
14 October 2014 it is a capital receipt. you can show it as EI income if you are filing ITR1/ITR2. In ITR4, you can show it as capital receipt.

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