Income received from gift where to show in itr 4s

Krishna seva das (TAX CONSULTANT) (1070 Points)

03 June 2014

INCOME RECEIVED FROM GIFT WHERE TO SHOW IN ITR 4S

GIFT FROM MARRIAGE IS MORRE THAN SLAB RATE

SO HOW TO SHOW BOTH BUSINESS INCOME AND GIFT FROM MARRIAGE

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Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 03 June 2014

gifts of any amount in marriage is non taxable whether received from relatives or someone else. you can show it under exempt income in ITR-4S

Krishna seva das (TAX CONSULTANT) (1070 Points)
Replied 03 June 2014

Thnaks But there is no option for exempt income

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 03 June 2014

there has to be one. still if you dont get it then fill itr 4. there is no problem in filinf itr 4 instead of 4s

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