Gift Amount by Relative

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35 Points Posted on 18 October 2022
sir , Can I Transfer as Gift Rs.16 Lacs to own (not cousin) my sister's daughter and my daughter? it can taxable this Amount?
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On 18 October 2022 at 12:05 Report
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SEO Sai Gr. Hosp.
212455 Points Posted on 18 October 2022

The gift/s will not be taxable as 'gift received from relatives' u/s. 56(2) of IT act...

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On 18 October 2022 at 12:29

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