Gift Tax
Rajesh Goyal (57 Points)
13 February 2019
I have received a Gift of Rs 500000 from my Father-in-Law. Do I have to report this in my tax return? if so, where to mention this income.
1 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 14 February 2019
yes you need to mention this as income from other sources
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