Gift tax liabilty and income tax liabilty


This query is : Resolved 

09 February 2019 A PERSON WANTS TO GIFT SOME EQUITY SHARE TO HIS WIFE .PLEASE CLEAR , IT IS TAXABLE OR NOT EITHER UNDER GIFT TAX OR UNDER INCOME TAX ACT(LONG TERM CAPITAL GAIN ) OR BOTH

12 February 2019 Gift to relatives is exempt under income tax.


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