Gift deed
This query is : Resolved
saket gupta
(Querist)
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
ABHISHEK GARG
(Expert)
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.
saket gupta
(Querist)
20 August 2017
Thanks for your valuable suggestion
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