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Gift from mom

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2016 mom got prepared from her SB account a DD for Rs.8 lakh in the name of housing board and gave it to her son, as gift from mom, to apply for flat in his name.please advise any further action required.
regards
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
07 July 2016 Gift to relatives are not taxable in the hands of donee. gift deed is advisable though not compulsory.
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