Which ITR for gift
prasanth (ipcc) (209 Points)
30 August 2021
which itr form ? I will file for cash gift transfer through bank from my father and sister
1 Replies
Rizwan
(GST Practitioner)
(178 Points)
Replied 30 August 2021
Up to 50,000 gift is exempted... if taking more than that...whole amount will be taxable & income from other sources to be considered . ITR form depends on your income sources.. . if your salaried individual you can file ITR-1....
Recent Topics
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
Related Threads
CAclubindia
