Gift of shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2014 MY cousin wants to gift shares of private limted co to me since he is not relative it is taxable
so he is going to gift his father and who inturn will gift me

legally i can take gift from my uncle

so tax liabilty will be nill

please sugges

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 July 2014 then in such case gift deed needs to be prepared..............

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2014 it can be done or not

i also came to know that if this is done in an same financial year it is not allowed

please suggest

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2014 can both transaction can be done in the same financial year please suggest

or it has to be in different year

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