How to disclose Gifts received in Income Tax Return (ITR)

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  1. Thiyagu

    Thiyagu New Member

    Is there any provision in ITR to include gifts to relatives
  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, gifts received from relatives is required to be disclosed in the Income tax return.

    Gifts received are treated as exempt income and are required to be disclosed in the income tax return.

    The procedure for disclosing the same has been mentioned here -
  3. Thiyagu

    Thiyagu New Member

    Thank you for the reply.
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