Narayana Murthy gifts Rs 240cr worth of Infosys shares to his 4-month-old grandson.
The article from Moneycontrol discusses the taxation of gifts in India, particularly in light of Infosys Founder NR Narayana Murthy’s gift of shares to his grandson. Here are the key points: Taxable Gifts: Gifts in the form of money, movable property, or immovable property received from non-relatives that exceed Rs 50,000 in value are taxable. …