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Transfer of amount to mother

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(Querist)
28 November 2022 I want to transfer ₹50 lacs to my mother as gift.
I will transfer amount via banking channel.
Should I transfer all amount together or in instalments ?
Is it permitted under income tax act or any other laws ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 November 2022 Yes, transfer all the amount together no problem.
Yes, it's permitted under income tax or any other laws.

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