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Tuesday, February 11, 2025 | 06:14 AM ISTEN Hindi

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Income from shares gifted to minor child gets clubbed with donor's income

If the gift of shares is received from a relative, there is no tax implication for recipient

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Bindisha Sarang
Infosys co-founder N R Narayana Murthy recently gifted 15 lakh shares of the company to his grandson Ekagrah Rohan Murty, valued at approximately Rs 240 crore, according to a regulatory filing. Even if you are not a tech billionaire, gifting financial assets to family members is a great idea, as such gifts have the potential to grow exponentially in value over time. However, you need to be mindful that each instrument is governed by a different set of gifting rules and could also be taxed differently.

 
Fixed Deposit

In India, a fixed deposit (FD) can be gifted to any individual, including

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