Gifting of Stocks to Non Relative above 5 Lakhs.
This query is : Resolved
Ashish Aggarwal
(Querist)
04 June 2023
Can I receive Stocks as Gift from Non Relative of value above 5 Lakhs.
Now, If I don't Sell these Stocks then no tax liability on me.
Only Dividend is taxable for me.
No tax on donor.
Please Help.
Now, If I don't Sell these Stocks then no tax liability on me.
Only Dividend is taxable for me.
No tax on donor.
Please Help.
CA R SEETHARAMAN
(Expert)
04 June 2023
You have to pay tax on gift received above Rs 50,000 including stocks received.
No tax on donar.
No tax on dividend as tax paid on stock received.
No tax on donar.
No tax on dividend as tax paid on stock received.
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