One of my client received gifts worth Rs. 5 Lakh in cash on his marriage.
I understand that these gifts are not taxable in his hands but is this income required to be disclosed anywhere in the income tax return?
If yes, then where?
Menu
Disclosure of exempted income
Replies (1)
in schedule EI pt no. 6 "others"
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
