gift in income tax

Akash Jain (Student ) (73 Points)

28 August 2018

Hello,
i received gift from my Father in law of RS 60000 ,whether i have to show in itr 4 or not and if yes where
Thank You

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4 Replies

Poonam Lohiya (158 Points)
Replied 28 August 2018

You may show that amount in "Exempt Income" column of respective Gift received from father in law is exempt.

Akash Jain (Student ) (73 Points)
Replied 28 August 2018

whether i have to shown in exempt income column or in others

Poonam Lohiya (158 Points)
Replied 28 August 2018

exempt income column

Akash Jain (Student ) (73 Points)
Replied 28 August 2018

i earn income from beauty parlour then what will be the nature of business for it

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