Income Tax Rules on Gifting Money and Property to Children Explained
During festive seasons, parents often gift money or assets to their children, which is tax-free under the Income-tax Act, 2025. However, income generated from these gifts, such as bank interest, is generally added to the taxable income of the parent with the higher income, as per Section 99(1)(c). Investments in government-backed schemes like Sukanya Samriddhi Yojana or Public Provident Fund offer tax-free returns, while others like National Savings Certificates remain taxable. Understanding these rules helps parents plan gifts and investments effectively.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 38/100.
Outlets measured: news18, moneycontrol. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
moneycontrol broke this story on 2 Nov, 01:17 pm. Other outlets followed.
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