what is the procedure to gift share of pvt ltd co. by father to son ?
1) sh4 need to fill
2) need to pay stamp duty
3) rate of stamp duty
Menu
Gift share by father to son
Replies (2)
Quick Summary
To transfer of share first AoA and board of directors will have the permit
then hold a board meeting
execution of SH4 form from both the party means transferor and transferee
then execution of gift deed in 500 stamp paper duly notarised
then issue of new certificate
new certificate will be issued with in 2months
and if the transfer of share is above 50k then you disclose it in your company itr as per incometax act
stamp duty of .025% of total consideration amount and if there's is no consideration value for gift transfer then stamp duty is calculated on the market value on the date of transfer in case of transfer of share by way of gift
then hold a board meeting
execution of SH4 form from both the party means transferor and transferee
then execution of gift deed in 500 stamp paper duly notarised
then issue of new certificate
new certificate will be issued with in 2months
and if the transfer of share is above 50k then you disclose it in your company itr as per incometax act
stamp duty of .025% of total consideration amount and if there's is no consideration value for gift transfer then stamp duty is calculated on the market value on the date of transfer in case of transfer of share by way of gift
If stamp duty calculate .025 % then why 500 stamp paper need
Recent Topics :
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
Related Topics :
CAclubindia
