Hello Mr.Tejas...Pl.advise if I in my capacity as a 73Yrs.old Maternal Uncle (Mama) to my Niece (Sis's Daughter) can GIFT any amount exceeding Fifty Thousand,(thru Bank Transfer ) out of my I.Tax declared Savings over the years with the objective purposeful utilisation of my Savings and Financial Planni g. Will there be any upper limit for the Gift Amount in a F.Y...??? Also simultaneously if an equal amount can be given as Gift to my (Widowed) Sister in the same F.Y...??? Thanks.

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