F is the father to A and AS . A and AS ae sisters. F kept some jewellery of nearly 500gms and 5.0 kgs. of silver with A and asked her to handover to AS afer his( F's) death. And this AS wants to handover that jewellery ( Old traditional and what she got from F to handover to AS) through Gift between family members. This old jewellery is in their family since 1960s.
Will it attract any gift tax in Aandhra Pradesh? if so how the valuation of Gold & Silver will be done? any standard pocedure fo this valuation?.
If Gift tax applicable how much t may be?.
Pl. help.
