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Can you gift your sister without paying Income Tax? Gifts above ₹50,000 are taxable-or so you think. But that limit does not automatically apply between specified relatives: a brother and sister. Money and assets may qualify. Check future income, stamp duty, and cash rules. Yes-a brother can generally gift his sister without the ₹50,000 limit applying. Celebrate Raksha Bandhan smartly. CA Awesh Tawwar, 7249888777-for Tax, GST, Audit and Financial Advisory.