GIFT DEED
This query is : Resolved
14 March 2011
My Uncle wants to Gift 500 Equity Shares to me.The MV is Rs.34 per share.
1)Do I require to make a Reistered Gift Deed?
2)What is the tax effect?
1)Do I require to make a Reistered Gift Deed?
2)What is the tax effect?
CA PARAS BAFNA
(Expert)
18 March 2011
Gift Deed should be made on a Stamp Paper of Rs.100. Registration not required.
Gift is from a relative hence no tax implication.
Gift is from a relative hence no tax implication.
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