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Bhai Dooj 2026: Transferring ₹5 lakh to your sister? Know when a sibling’s cash gift is tax-free and when it is taxable

Bhai Dooj 2026: Transferring ₹5 lakh to your sister? Know when a sibling’s cash gift is tax-free and when it is taxable

RSS excerpt

A ₹5 lakh gift from a brother to his sister is tax-free under the Income-tax Act, 2025. However, siblings must follow cash transaction rules. Know when gifts are exempt, when they become taxable and how to transfer money legally.

Single Source 1 news outlet reporting

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