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Gift to son

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(Querist)
30 November 2020 Dear Experts,
Father has given the gift of Rs. 10 lacs by Rtgs to his son,

Since gift in blood relation is exempt, is both the father and son need to disclose this gift in his ITR or not..

Thanks
Nikhil
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Srishti Agrawal

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Srishti Agrawal (Expert)
30 November 2020 only son will disclose

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