Thanks @TomD8 And then this 15K reporting.
1. Is it applied to a single user or can i gift 14K to my brother as well as 14K to my father. In this case, is there any need of reporting.
2. Also can gift be given only to closer relatives (brother, grandpa, sister, spouse)
3. Do I need to take any documents/form from them after giving them so huge gift.
Sorry for asking so many questions. This will be the first time I am giving gift. So just assuring that I follow all the rules properly
