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Gifting equity shares of pvt ltd company

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2017 I had a quick question in mind. If my brother gifts me half of his shares in his pvt ltd company, what taxes are to be incured in this?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
19 September 2017 No tax arises as gift from relative us exempt.
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2017 Thanks. So basically there's no tax. But is there any other expense which will arise in doing the same?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
20 September 2017 No only you have to make gift deed .
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 November 2017 no tax as such is attracted.
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