Gift of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2014
Can any 1 tel me if the shares are gifted to the relatives are taxable as capital gain.If so, whether it is taxable as long term or short term capital gain.
Whether the cost to be considered is the cost to the previous owner
Whether the cost to be considered is the cost to the previous owner
02 March 2014
where relative is covered in the definition of relative as prescribed under section 56(2), then no tax is applicable.
where the relative sells these shares, the cost shall be the cost to the previous owner..
where the relative sells these shares, the cost shall be the cost to the previous owner..
Message likes :
1 times
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
- Cgst asmt - 10
- RELATED TO ITR OF POLITICAL PARTY
- E-Invoice applicability related question
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- Rejection of the application for the registration of a society in Andhra Pradesh state
- PTEC-payment
- Journal entry of TDS operative a/c dr (under withdrawal side of bank a/c)
- Employee claim Expnese Invoices
- Dividend to NRI shareholder
- Query on 80G exemption on Corpus Donation
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- INCOME TAX QUERY FY25-26()\
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
