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Tax related

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(Querist)
27 February 2015 Sir I have given the gift amount of Rs. 5Lakhs to my cousin brother (i.e.) Son of father's brother.

I want to know about that any tax amount i have to pay for it sir?

Please advise me
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CA Ajeet Patel

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CA Ajeet Patel (Expert)
27 February 2015 Your cousin have to pay tax on the gifted amount.
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
27 February 2015 agree with the expert
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swathysundaresh

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swathysundaresh (Querist)
28 February 2015 Thank you very much for your reply
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