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Two Gift transactions allowed

This query is : Resolved 

05 June 2022 Sir,
It assessee cash gift from brother rs:10 lacs after cash gift to son rs:10 lacs pay same date through on online mode dt:20-11-21.
2.another date :20-03-22 cash gift from brother rs:10 lacs after cash gift to daughter rs:10 lacs pay same date through on online mode.
Question:
Assessess above mentioned two gift receipt and payment transactions one financial year accepted in it act.

06 June 2022 There is no restriction of number of gift transactions made during the year. You can gift number of times in a year.

06 June 2022 YES, agreed with the expert. Moreover the same is allowed when gifted on same day/s. Need to be through any banking channels.




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