have a query regarding clubbing provisions, if anyone has any input!

Mr X is going to turn 80 and he wants to gift money to several family members.

He plans to redeem mutual fund investments and pay the appropriate capital gains tax on the redemption.

From the redemption proceeds, he wants to gift by RTGS Rs 10 lakh each to his wife, daughter, son, son-in-law, daughter-in-law and the grandchildren.

 

Question is what could the possible clubbing issues be in such a situation? Also, all the adults (wife, daughter, son, daughter-in-law, son-in-law) are income earners and taxpayers on their own anyway. And maybe earning more than the old man.

And of course, whatever each recipient of the gift earns from whatever they do with it is subject to tax. That's clear.

From all that I have read, the gifts to the daughter / son / grandchildren seem to have no issues. But the wife / daughter-in-law / son-in-law situation is not too clear.