Taxability of shares received as gift

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Querist : Anonymous (Querist)
30 May 2013 A women individual receives shares of a private company as gift from her cousin brother exceeding Rs 50000.what would be its tax treatment.


whether cousin brother comes under definition of a relative

30 May 2013 tax liability when
shares are sold by woman

30 May 2013 at present gift recd from relative hence
no gift tax


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