Indian Compliance & Tax

Is gifting crypto to a family member taxable in India?

In India, gifting crypto to a defined close relative is generally not taxable for the recipient, as gifts from specified relatives are exempt from the gift-as-income rule regardless of value. Spouse, parents, siblings, and lineal descendants typically fall within this definition. For example, transferring crypto to your spouse is usually exempt, while a gift to a distant cousin above 50,000 rupees may be taxable for them. Clubbing provisions can still attach later income to the giver in some cases. This is general information, not tax advice; consult a professional.

This is general information, not tax advice. Tax rules change and depend on your individual circumstances — verify the current rules or consult a qualified tax professional before acting.