Gift property to relative


can you gift a residential property to mother’s sister’s daughter - [mosi ki ladki]. Will it be considered as a gift to relative ?  How do we show it in ITR ?

 
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You can gift immovable property to anyone whether he or she is your relative or not. Gift deed should be duly executed and registered with sub registrar office.

 
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Advocate

Gift tax will be levied for the value.

 
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Gift given to relatives exempt from gift tax

 

 
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