Taxablity of gift

Mother's sister is a relative for the purpose of section 56(2)(vii) of the Act. Thus, the same shall not be taxable in her hands! Since, the payment is not chargeable to tax in India, there is no need of 15CA & 15CB. However, the remitting bank may ask for a letter from a Chartered Accountant to that effect. Practicly, people obtain 15CB and file it with the bank.