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Tax on gift to married daughter

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(Querist)
12 September 2015 Can anyone please clarify on the issue that whether any tax is charged if any gift is given to married daughter. A lawyer told me that 9% tax is charged. Is it true.
Kindly help
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Rajesh Kumar

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Rajesh Kumar (Expert)
13 September 2015 Gifts are taxable under Section 56(2)(vii) of the Income Tax Act. However this clause is not applicable if gift is given to a relative. Daughter (married or not) is a relative and hence such gift to a married daughter is not taxable in the hand of daughter. No Tax is payable. Gift can be money or movable or immovable property.
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