MutualSaathiFinancial PlanningIs there a gift tax in India on investments gifted to family?
Tax
Tax

Is there a gift tax in India on investments gifted to family?

India has no gift tax as such, but income from gifted investments is clubbed with the donor's income if gifted to spouse or minor child (clubbing provisions). Gifts to parents, adult children, or siblings above Rs50,000 in a year from non-relatives are taxable as 'income from other sources' in the recipient's hands.

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