ACTU
il y a 9 heuresRésumé IA
NRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR?
An NRI son gifted Rs 30 lakh worth of shares to his father via an off-market transfer, which, though tax-exempt for relatives, appeared in the father's Annual Information Statement (AIS). Experts advise disclosing such transactions in the ITR's exempt income schedule and retaining documentation to avoid tax notices.
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Economic Times6 min de lecture