I HAD GIVEN GIFT OF 50,000 TO SISTER IN LAW, WHAT IS MY TAX IMPLICATIONS. I HAD GIFTED SOME AMOUNT TO MY DAUDHTER AGED 19 YEARS, SHOULD I PREPARE THE GIFT DEED OR SIMPLY SHOW IN MY TAX RETURN AND WHAT ARE THE TAX IMPLICATION OF MY DAUGHTER AGED 19 YEAR STUDENT.
