Taxablity of gift

CHIRAG DEEPAK GANATRA (CA FINAL) (1054 Points)

29 December 2014  

hi Friends,

Im Indian Resident want to give Gift of Rs.500000/- to my Masi (Mother's Sister) at UK.

there is any need of 15CA & 15CB

is this Gift is Taxable in Hands of Benefitiary???

Any Other TAX Implications ???

Please Share your Knowledge.

Thanx