Livemint

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

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.