Filling ITR

rishi

KF Rookie
If any of my friend or non-blood relatives gift me shares of 10 lakhs or more on zerodha then what is the procedure to file ITR and how much tax should i expect to be paid
 

CAKaushik

KF Rookie
If you receive gift of Shares & Securities in excess of Rs. 50,000/- from a single person, on any occasion other than your marriage, then the entire value of such gift is subject to tax under "Income from Other Sources" u/s 56(2)(x) of the Income Tax Act, 1961
 

_quest_

KF Rookie
If you receive gift of Shares & Securities in excess of Rs. 50,000/- from a single person, on any occasion other than your marriage, then the entire value of such gift is subject to tax under "Income from Other Sources" u/s 56(2)(x) of the Income Tax Act, 1961
What if the amount of shares received in gift is less than 50000?
And how is the amount of shares calculated?
 

Andy

KF Rookie
i am earning 20k per month, can i file ITR? if yes than tell me the process so i can do myself
 
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