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Gift a financial instrument and watch its value grow over the years

Keep in mind that gifts of above Rs 50,000 from non-relatives are taxable in the recipient's hands, except during a wedding

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Mutual Funds | SIP investment | Bonds

Bindisha Sarang 



investment, investors, savings, mf, funding, tech, economy, gdp, aif, alternative investment fund, capital, startups, tech, savings, money, cash, shares, funds, equity
The person paying for the insurance can take the tax benefit of deduction under Section 80D

Most people have begun shopping for gifts for their family and friends. Instead of goods, try gifting a financial instrument this year whose value could multiply severalfold over the years. While doing so, however, be mindful that each instrument is governed by a different set of gifting rules and is also taxed differently.

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First Published: Fri, October 15 2021. 09:40 IST

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