Gift received - querry

work is worship (Service) (2728 Points)

26 June 2013  

An assessee (Women)  who has a business income and other income (interest on fd etc) has received a gift for Rs.8 Lakh from her relative who is a NRI.

My questions in this regards  are

1) whether this amount has to be disclosed in Return of Income

2) If yes, how to be disclosed?

3) By disclosing it whether are there any chances that the ROI will be called  for scrutiny and what precautions and documentary proof  need to keep in handy.

Your expert opinion will be highly useful appreciated and is there any previous instances cases to this effect.