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Gift to nephew is taxable or not

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(Querist)
25 July 2017 One of my client has given some fund in form of Gift to its Nephew (Chachi to Bhatiza) my query is whether such Gift transaction is Taxable or not in Income Tax Act.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
25 July 2017 Exempted..........
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 October 2021 For Bhatiza ,,, Chahchi is relative under sec. 56(2) of IT act...... So, tax free...
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