Tax liability on giving away inheritance to my grandchildren (daughter's children)

Hello Sir/Ma’am, good day!

Please tell me what are the tax implications if I give away my inheritance (received from my father) to my daughter’s children??

Thank you in advance!

Hello @Rakesh_Sharma

Inheritance will be considered as gift and gift received from relatives are not charged to tax.

So If you give away your inheritance (received from father) to daughter (a lineal descendant ) it will be exempt from tax but your daughter’s children are not lineal descendant so that will be taxable in their hands.

Hope this helps!