Tax on gift to married daughter

This query is : Resolved

Piyush Khaitan (Querist)
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12 September 2015 Can anyone please clarify on the issue that whether any tax is charged if any gift is given to married daughter. A lawyer told me that 9% tax is charged. Is it true.
Kindly help

Rajesh Kumar

Rajesh Kumar (Expert)
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13 September 2015 Gifts are taxable under Section 56(2)(vii) of the Income Tax Act. However this clause is not applicable if gift is given to a relative. Daughter (married or not) is a relative and hence such gift to a married daughter is not taxable in the hand of daughter. No Tax is payable. Gift can be money or movable or immovable property.