Mahender Singh (STUDENT) (147 Points)
21 July 2024If a married lady gets some money(let us say 10000/-) on monthly basis from her father or brother(doing it as account to account transfer, not doing it in cash).
Can it be done to show it as gift money on monthy basis or it can only be doen once in a while?
Can she show this money as gift and need not to file ITR?
If she files the ITR , can it be shown as income from other sources?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167675 Points)
Replied 21 July 2024
Treat it as Gift from relatives.
File return & declare it under Schedule EI.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
