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
First Published: Mar 25 2024 | 6:55 PM IST