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Gift to bua.

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(Querist)
19 December 2014 ...............................
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
19 December 2014 Dear Shruri gift given to relatives are not under the preview of income tax under section 56(2)(vii)

As you mentioned that amount given to Aunty, being Sister of your father is cover under that definition of relative.

Therefore, you don't need to be worry. Transfer the money as you wish
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Rupesh Jain

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Rupesh Jain (Expert)
20 December 2014 this is the exempt due to gift give to relative. and not taxable in hand of receiver.




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