27 February 2015
I Have HUF and it hold a share in Pvt Ltd co now i want to convert Pvt ltd co into LLP where HUF can not be a partner in LLP so what can i do for it before conversion i want to save capital gain tax on transfer of share held with HUF
Can I Gift Share of PVT Ltd co to any other member from HUF without attracting any tax liability in the hands of donor or donnee?