TaxTMI 
TaxTMI 
Gift by children- to be reported under which schedule
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....ift by children- to be reported under which schedule<br> Query (Issue) Started By: - Shan S Dated:- 26-9-2026 Income Tax<br>Income Tax<br>Gift given by children to both the parents and they invest in ....
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....FD and ULIP policies? Do they have to show the amount got from the children in the respective financial year as GIFT, if so what schedule it must be reported for ITR 1 /2? and any supporting doc....
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....uments needed? Are clubbing provision involved for interest earned from FD by parents in the hands of children? And is there any upper limit that exist for the gift to be given to close /specified ....
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....relatives?<br> Discussion Forum - Knowledge Sharing ....