Gift as per IT
This query is : Resolved
16 November 2009
Mr. X has 10L shares (FV= 10, purchased at Rs. 3). HE want to gift these shares to hid grandmother at Rs. 10 or 15.
1. Will it be exempted as 'relative'
2. Any Cg tax?
1. Will it be exempted as 'relative'
2. Any Cg tax?
Guest
Guest
(Expert)
16 November 2009
It Will be exempted as relative.
No capital gain tax.
No capital gain tax.
CA Ravi Sisodia
(Expert)
16 November 2009
yes its exempt to gift tax. No CG tax.
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