STAM PAPER FOR GIFT DEED FOR SHARE TRANSFER

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For transferring shares as a gift between shareholders in a private limited company, a formal gift deed or stamp paper is not required. The share transfer can be documented directly on the share transfer form, noting it as a gift. A signed copy of this transfer form serves as sufficient evidence for all purposes, including income tax compliance.

Mahendra Patel

Mahendra Patel (Querist)

24 March 2022 Dear Sir,

We are a limited company without listed of share in Market.
our one share holder transfer his share to relative as a gift.

so my question is what amount of stamp paper required for gift deed.

Thanking you

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 March 2022 No gift deed required in this case with stamp paper.
Only share transfer form to be signed, in the form itself record it as gift

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 March 2022 No gift deed required in this case with stamp paper.
Only share transfer form to be signed, in the form itself record it as gift

Mahendra Patel

Mahendra Patel (Querist)

24 March 2022 Thank you so much for your prompt response.

but for income tax purpose or any compliance purpose required ???

or transfer signed form enough ??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 March 2022 Not required, take copy of tranfer signed form that's the evidence for any purpose including income tax.

Mahendra Patel

Mahendra Patel (Querist)

25 March 2022 thank you so much.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 March 2022 You are welcome............

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