Relative rules, marriage gifts, parent-child transfers, clubbing and property gifts.
Last updated 2026-06-12 · Covers FY 2025-26 and FY 2026-27
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Gifts from specified relatives are generally exempt; gifts from non-relatives can be taxable above the threshold. The relative definition is specific and should be checked before assuming a family relationship qualifies.
Gifts from specified relatives are generally exempt; gifts from non-relatives can be taxable above the threshold. The relative definition is specific and should be checked before assuming a family relationship qualifies.
Marriage gifts have a special exemption, but evidence still matters. Keep a gift list and bank trail for large amounts; later investments from those funds should be traceable.
Money from parent to child is generally not taxed as a gift in the child's hands. Income generated from investing that money may have its own tax treatment depending on age, source and clubbing rules.
Transfers to a spouse may be gift-tax exempt but clubbing can tax the income back to the transferor. The gift and the income from the gifted asset are separate questions.
Transfers to a spouse may be gift-tax exempt but clubbing can tax the income back to the transferor. The gift and the income from the gifted asset are separate questions.
Property gifts need both income-tax and stamp-duty review. Relative exemption, stamp value, registration, cost carry-over and future capital gains should all be documented.
Property gifts need both income-tax and stamp-duty review. Relative exemption, stamp value, registration, cost carry-over and future capital gains should all be documented.
Property gifts need both income-tax and stamp-duty review. Relative exemption, stamp value, registration, cost carry-over and future capital gains should all be documented.
Money from parent to child is generally not taxed as a gift in the child's hands. Income generated from investing that money may have its own tax treatment depending on age, source and clubbing rules.
Document high-value family transfers even when tax-exempt. A simple gift deed, bank narration, PAN details and relationship proof can prevent AIS or scrutiny confusion later.
Document high-value family transfers even when tax-exempt. A simple gift deed, bank narration, PAN details and relationship proof can prevent AIS or scrutiny confusion later.
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