Exempt income (gift from relative) compulsary to show in ITR form
Amit Kumar (i want to improve my taxation.) (136 Points)
25 December 2020Amit Kumar (i want to improve my taxation.) (136 Points)
25 December 2020
ayusmita
(Tax consultant)
(5885 Points)
Replied 25 December 2020
Depends of amount
if huge amount then compulsory
Otherwise if less amount then it's upto you to show or not
ayusmita
(Tax consultant)
(5885 Points)
Replied 25 December 2020
Show it in itr in EI session if from relative as per income tax law
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 26 December 2020