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GIFT

This query is : Resolved 
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(Querist)
05 December 2020 HUSBAND WANTS TO TRANSFER SHARES OF LISTED COMPANY TO WIFE AS GIFT
WILL THERE BE ANY GIFT OR INCOME TAX PAYABLE BY HUSBAND OR WIFE ?
WHETHER ANY DOCUMENTATION NEEDS TO BE DONE ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 December 2020 No gift or income tax payable. No document required except copy of transfer form of shares.
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