19 May 2016
If any member of HUF made gift of Listed equity share to HUF then under which section this transaction is covered and whether or not this transaction is liable for tax. and also if HUF sell this share in market then whether the amount will be clubbed in the hands of the member.
20 May 2016
Dear Amol,
I want to know about the taxability of the gift of share and not the monetary amount..
the transfer of equity share is exempt in the hands of huf but what about the taxability of the member who is making gift
24 May 2016
As per your query, the member is GIFTING the shares and hence it is NOT capital gain. Transfer in relation to a capital asset as per Sec 2(47) of income tax act, although inclusive definition, does not include GIFT as transfer
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