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Taxation on foreign shares transfer to my 18+ kid

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2018 I have received foreign stocks from my company, can I gift these to my kid (18+) to get a tax advantage over the amount that has appreciated since the price I got from my company. What kind of tax will be applicable for my kid and what date of acquisition will be considered for taxation for my kid. Is it going to be the date of transfer or the date I got the stocks from my company.

23 August 2018 Taxable in the hands of your kid if the value exceeds Rs.50000

23 August 2018 Date of acquisition in case of gifts will be the date on which the donor acquired those assets i.e the date on which you acquired these shares


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