POSTED BY October 5, 2013 11:31 pm ONE COMMENTON
Received Rs 10 Lac through Cheque from My daughter from her savings as gift under documentation and I have invested FD in my name and i Have my own annual income of Rs 1.5 lac from pension
question is how interest earned from above FD is treated for purpose of Income tax
I mean whether Interest income is clubbed with income of Donor or whether Income earned from FD is to be treated as income from other source in my Return?
I am income tax assesse and filing return every year