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Gift attracting sec 269
Gift received through cheque by gift deed from younger sister to elder brother or father is legally allowed or disallowed if yes will it attract penalty of any clause of sec 269
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"Gift received through cheque by gift deed from younger sister to elder brother or father is legally allowed or disallowed"
Any amount of gift by cheque or any banking channel, is allowed. Section 269ST not attracted.
can younger sister give gift to her father or elder brother
Yes, without any tax liability.
Thanks a lot Dhirajlal ji and Sameer ji
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