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Regarding tax on gift given to a blood relation

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 April 2017 I have transferred Rs. 18 lakh to my senior citizen mother's bank account as gift. I have received this money as
my retirement benefit like GPF , gratuity etc.

Please clarify as to whether there is any tax liability for me or for my mother.
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C.A. Mayur J. Raiyani

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C.A. Mayur J. Raiyani (Expert)
28 April 2017 No, but income generated from this transferred amount is clubbed in your income.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 April 2017 Clubbing provision not applicable to gifts to mother. Income from gift not taxable in your hand.




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