Income from shares gifted to a minor child is merged with the donor’s income

Infosys co-founder NR Narayana Murthy recently gifted 15 lakh shares of the company to his grandson Ekagrah Rohan Murty, worth around Rs 240 crore, according to a regulatory filing. Even if you’re not a tech billionaire, gifting financial assets to family members is a great idea because such gifts have the potential to grow exponentially in value over time. However, you should keep in mind that each instrument has different donation rules and may be taxed differently.

Fixed deposit

In India, Fixed Deposit (FD) can be gifted to any individual including