The following article was first published in the Mint newspaper on 7th June, 2022. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint. The online version of the article can be found here.
I want to gift money to my elder brother. What will be the tax implications. Can I also gift immovable property to my brother?
— Name withheld on request