India tax laws are terrible. Consider this for example, I gifted Rs X00,000 to my nephew who is a minor and is represented by my sister. The stupid Indian Tax laws consider it as my bro-in-law’s income though I have no mention of his name nor his account # in the Gift deed[ this paper work another fu*king pain in the ass]. The reason IT fellows quoted is - minor’s income is to be clubbed with either of the parent’s income whoever has higher income.



Otherwise tax saving consultants advise that I give to my sister and then she can invest in the name of her son. You know why India sux, it is because of such ridiculous laws and terrible officers [ya what can you expect with 27% OBC and 22% SC/ST reservation]

So beware if you want to sponsor your nephew or niece with big gifts the stupid Indian tax men are watching.