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Transfer share

This query is : Resolved 

17 December 2007 Respected Sir,

My father wants to transfer liste company share to me without any consideration,
will it be taxable for my father?

thanx & regards
Ghanshyam

17 December 2007 NO . it is a case of gift from father to son , which is also not taxable in your hands .No tax on donor or donee in this case.

18 December 2007 thsnx sir.

18 December 2007

07 January 2008 the querry is resolved


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