I gift money/equity units to a relative. For them it is tax free since I am a qualifying relative as per the law.
They do whatever they want with the money and it grows a little as it was invested. I do not advice or interfere in this investment decision. After it matures/they sell (and after they pay all applicable taxes as per their income slab), the relative gifts the entire amount back to me since they also want to gift something to me now like I did to them.
What is tax implication for me @Quicko ? Does it qualify as as relative’s gift and I pay 0 tax on whatever they gift me, irrespective of amount?