Taxation of shares gifted
This query is : Resolved
Soni Jeswani
(Querist)
22 October 2014
IF A MOTHER GIFTED SHARES TO HER SON, THEN WHAT IS THE TAXATION OF THAT??
IS IT TAXABLE OR EXEMPT FROM TAX??
IS IT TAXABLE OR EXEMPT FROM TAX??
Nikhil Kaushik
(Expert)
22 October 2014
there is no taxation. covered under exclusion provided under section 56(2)(vii)
16 December 2014
exempted as both are covered in definition of relative u/s 56(2)
16 December 2014
exempted as both are covered in definition of relative u/s 56(2)
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