Gift from blood relations

Ravindra Pande (Querist) 14 November 2015 This query is : Resolved
Pl clarify what falls under free of tax liablity.

1. Nephew gifting 10 lacs to aunt (wife of father's brother)
2. Daughter gifting 5 lacs to father.
3. Can a property be gifted?
4. Is there any limit to the amount of gift.
5. Any documentation required?

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R.K Nanda (Expert) 15 November 2015
consult tax lawyer.

Ravindra Pande (Querist) 15 November 2015
I need the law point on the issue and do not have the services of a tax consultant. Pl advise if you can

R.K Nanda (Expert) 15 November 2015
post ur query on CAclubindia which is right site.

P. Venu (Expert) 15 November 2015
What is the real issue?

Ravindra Pande (Querist) 15 November 2015
Need to know abt gift tax in detail

kavksatyanarayana (Expert) 15 November 2015
Agree with the experts.

Ravindra Pande (Querist) 16 November 2015
Request experts to give an opinion.

K.S.Srinivas (Expert) 16 November 2015
Raise this query on CAclubindia.

Ravindra Pande (Querist) 17 November 2015
I have taken up the issue with CAclubindia and am waiting for a response.

T. Kalaiselvan, Advocate (Expert) 21 November 2015
There is no legal issue involved in this query, only taxation related issues are to be clarified hence better wait for the answers from CA club itself.

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