Income Recived From Relative For Purchasing of land How to show in ITR
This query is : Resolved
03 February 2023
Dear All,
I will have to purchase a property Aprrox. 62 Lacs , i have received 15+15 lacs from 2 relative ,
how to show in itr 4 . is it mandatory to show in itr.
Please tell me about it.
I will have to purchase a property Aprrox. 62 Lacs , i have received 15+15 lacs from 2 relative ,
how to show in itr 4 . is it mandatory to show in itr.
Please tell me about it.
03 February 2023
If the property is not a business asset, the loan amount received from your relative need not be declared in ITR4.
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