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Applicability of Tax on GIFT

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(Querist)
22 October 2022 Dear Sir / Madam

Can I give Rs.600000/- to my Bhanji (aged 19 years- Real Sister's daughter) by Cheque.
Will any tax applicable to any one ( me or bhanji). If she put this money in FD then will clubbing provision applicable ?

Pl reply thanks in advance.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 October 2022 1. No tax liability on any one as Mamu is relative to Bhanji as per IT act.
2. No clubbing provision in this case.

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