How to reduce tax liability by gifting to family members

Gift given to relatives is exempt.If it is received from a non relative, then it is taxable subject to a maximum of Rs.50,000.00.If you receive gift from a third person individually or cumulatively exceeding Rs.50,000.00, then the whole amount is taxable EXCEPT situations like On the occassion of marriage, property received under a will or trust. And as far as the donor is concerned, he cannot claim any gift given to any one.You can very well gift your mother, as it will not be taxable.But at the same time, you cannot claim deduction in respect of that.

Thanks for the reply.

Regards

Josh