Cash gift by grand mother to her grand daughter
This query is : Open
20 March 2026
one grand mother is willing to transfer an amount of 50 Lakhs to her as a gift with love and affection on her grand daughter to survive herself in future, since she is no support of father, only mother is caring now,
is income tax applies on said cash gift to donee, since doner sold out her house property, out of said source she willing to transfer said amount.
please guide me in this regard.
is income tax applies on said cash gift to donee, since doner sold out her house property, out of said source she willing to transfer said amount.
please guide me in this regard.
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