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Gift law

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A B C AND D ARE CHACHAS (FATHER BROTHERS) AND BUAS (FATHER SISTERS)     GIVE SHARES(EQUITES) TO HIS NEPHEW  IN YEAR 2012-13 WITHOUT GIFT DEED.

KYA AAJ KE DATE MEIN SAARE SHARES JO A B C AND D NE NEPHEW KO DIYE VO GIFT MAANE JAAYENGE ya nahin?

sirf delivery slips jis se shares transfer hotein us pe gift likha tha par gift deed execute nahin ki.

GIFT LAW IS SO CONFUSING? please clear blood relation concept

MAIN QUESTION - AGAR CHACHA (FATHER BROHER) AND BUAS(FATHER) SISTER APNE NEPHEW (BHATIJA) KO GIFT SHARES KAR SAKTE HAIN YAA NAHIN? KOI TAX LIABILITY BANTI HAI YAA NAHI

Replies (4)
chachas and buas are covered under definition of Relatives...hence , it is exempt..
Agreed they covered under the definition of relative and is hence exempt. To have the gift deed is not mandatory but as a precaution it should be done
yes chacha and bua can gift bhatija but bhatija can not gift chacha and bua. This is the provisions of gift in india.
Very right answer so don't worry about the gift


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