Transferring money to family to save tax: Smart move or legal risk?
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar said such transfers cut tax only when properly structured, as clubbing rules can apply. He explained how returns are taxed for adult and minor children and spouses, cautioned against transfers meant to hide income, and listed the documents to keep.
More of Abhishek's views on money management
The article examines whether moving money to family members to lower one's tax bill works under Indian tax law. It explains clubbing provisions, who counts as a relative for gift rules, how returns are taxed for adult and minor children and spouses, and the paperwork needed to keep such transfers clean.
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Transferring money to family to save tax: Smart move or legal risk?