Gift from eldest to younger sister

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If eldest sister wish to give to her younger sister by way of cheque of RS 30 lacs as gift against father entire house property taken what is the income tax treatment to younger sister
Any model gift deed please
Replies (3)

no tax on gift  for  blood relation 

format of gift deed google it u will get more

than ur requirement 

gift of cash or any kind from family or relatives is exempted
Yes...
Gift to relatives (blood) is excempted in IT... Just you ll search in Google. You can get many more website...


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