Gifts from relatives—defined specifically in law—are completely tax-exempt regardless of amount.
Gifts from non-relatives exempt only up to ₹50,000 annually.
Marriage gifts exempt entirely.
This creates legitimate wealth transfer architecture: parents to children, spouse transfers, HUF gifting.
But clubbing provisions catch income from transferred assets in specific relationships.
Gift structuring without understanding clubbing creates surprises.
Do you understand both gift exemption and clubbing rules?