Gift tax query

Querist : Anonymous (Querist) 16 December 2015 This query is : Resolved
I want to gift 50percent of the revenue generated from the sale of a property that was on my deceased husband's name.
I have three children.
I want to give 50 percent to my brother in law who is my deceased husband's real brother and who also happens to be my deceased real sister's husband. What would be the tax implications on this. Will he be considered my blood relation from either of the two relation line that I have with him?

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ABHIMANYU JHAMBA (Expert) 24 December 2015
Yes, they would be considered your relatives. No tax implications on such transfer.

T. Kalaiselvan, Advocate (Expert) 26 December 2015
This will not be considered as a transfer within blood relations, hence your state government rules need to be confirmed about the exemption rules in this regard.

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