gift tax exemption

gyangyanjain (Querist) 22 December 2015 This query is : Resolved
Sir,madam
Under fathers brother category
Own nephew gift to uncle is it valid .
Thanks

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Adv. Yogen Kakade (Expert) 22 December 2015
If the property is self owned property then he can gift the property to his uncle.

Rajendra K Goyal (Expert) 22 December 2015
Repeated query:

http://www.lawyersclubindia.com/experts/gift-excemption-576121.asp#.VnkLKvl97IU

K.S.Srinivas (Expert) 26 December 2015
Similar query is already answered on the above thread.

T. Kalaiselvan, Advocate (Expert) 31 December 2015
The donor should have marketable title to the property to be gifted to any person, if yes, then it is valid.

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