Gifted shares
This query is : Resolved
Aditi Iyer
(Querist)
26 July 2012
shares of XYZ Pvt. ltd. were gifted by a (non resident) to B(resident). Such shares were sold at long term. the gift deed was properly effected. who is liable to tax on capital gain
30 July 2012
Mr. B is liable to capital gain tax in this case.
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