Valuation of Shares Transferred as Gift
This query is : Resolved
TRIBHUVAN PUROHIT
(Querist)
10 July 2022
Respected Sir
One of my client holding various scripts since long but in last year he transferred few of his shares holding in HUF into his personal name being karta
I don`t have exact valuation being cost of investments in shares is mentioned in his books & since old broker through whom he purchased the shares has closed his business, i am unable to trace out bills
How to derive the exact value of the shares
Please help
Regards
Tribhuvan
One of my client holding various scripts since long but in last year he transferred few of his shares holding in HUF into his personal name being karta
I don`t have exact valuation being cost of investments in shares is mentioned in his books & since old broker through whom he purchased the shares has closed his business, i am unable to trace out bills
How to derive the exact value of the shares
Please help
Regards
Tribhuvan
Dhirajlal Rambhia
(Expert)
10 July 2022
As it is gift to HUF, being non taxable, you can take advantage of rate as on 31.01.2018.
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