Gift deed
This query is : Resolved
20 August 2017
sir,
my father's brother spouse(my aunty) had gifted me rupess 4.5 lacs shares by trasferring through off market. whether gift deed should be executed.? What amount of stamp paper is required? where i can get the format? what is tax implication
thanks in advance
my father's brother spouse(my aunty) had gifted me rupess 4.5 lacs shares by trasferring through off market. whether gift deed should be executed.? What amount of stamp paper is required? where i can get the format? what is tax implication
thanks in advance
20 August 2017
Gift deed can be executed for your future reference.
Get the shares transferred in your name from the depository and Now Tax liability is on you when you sell these shares (STCG & LTCG as the case may be).
Stamp duty varies from state to state and it depends on the value of property. So, go to a nearby notary office and they will do it to for you at a nominal fees.
Get the shares transferred in your name from the depository and Now Tax liability is on you when you sell these shares (STCG & LTCG as the case may be).
Stamp duty varies from state to state and it depends on the value of property. So, go to a nearby notary office and they will do it to for you at a nominal fees.
20 August 2017
Thanks for your valuable suggestion
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- CHECK RELATED
- UDIN ISSUE
- Change Of Karta In Case of Death
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
