Gifts

This Raksha Bandhan, gift mutual fund units to your sibling instead of a traditional present. Know the transfer process, eligibility, charges, tax treatment, NRI and minor rules, and what happens to SIPs after gifting.

Wondering whether you can gift crypto in India? This guide explains the rules around crypto gifting, including who can receive tax-exempt gifts, how tax is calculated when gifted crypto is sold, ITR reporting, documentation and other key compliance requirements.

A ₹71.56 lakh cash deposit in a wife’s bank account came under the tax department’s scrutiny after she said the money was received from her husband. The Pune ITAT has now ruled on whether the same amount could be treated as unexplained income.

Cash, property or gifts over ₹50,000 from non-relatives are taxable, but relief options are available that can significantly reduce or eliminate tax liability. Details here.

The Hyderabad Income Tax Appellate Tribunal (ITAT) has ruled that a gift from a mother cannot be treated as an unexplained investment by the income tax department if the taxpayer proves the donor's identity, relationship and source of funds.

A ₹25 lakh gift to an NRI daughter is tax-free in her hands, but the remittance may attract TCS under LRS. Here's how the rules differ for overseas and NRO transfers.

People celebrate Mother's Day by offering cards, flowers, or handmade gifts. They cook a special meal or treat mothers to a day off. Quality time is spent together, sharing messages or photos online.

When a property is settled among family members before a joint development deal, can capital gains be fully exempt if each retains a flat? Here’s how Sections 82 and 86 apply.