NITIN KUMAR SINHA 22 June 2023
kavksatyanarayana (subregistrar/supdt.(retired)) 22 June 2023
Yes. Gift tax/. But consult a local CA or CS.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 22 June 2023
the gift of any asset (movable or immovable) made to certain specified relatives is fully exempt from tax in the hand of the recipient without any upper limit.
P. Venu (Advocate) 22 June 2023
Yes, the there is no liability to pay any gift tax.
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