Inheritance or gift - where to show in i-t return

Rammohan (NA) (255 Points)

01 May 2018  

If a person receives amounts by way of an inheritanc or gift (from a close relative), as these are not taxable, being capital receipts, where should one show these inflows in his I-T Return? (The income earned from investing these capital receipts would be shown in the respective categories such as interest or dividend.)