Will gift tax apply if I transfer fifty thousand to my in laws account

I want to give fifty thousand in in-law's account who does not file return, whether it has any tax implications on both of us?

Aug 3, 2016 by Basudev, Barbil  |   Taxation

There is no tax to be paid (either by you or your in-laws) in case the gift amount is upto Rs. 50,000 in a year.

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