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t is gift tax for shares ? Father gift shares to child.
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gift tax on shares
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The transaction is exempt. No tax is levied from both point of views.
up to what amount
There's no threshold as such i.e. irrespective of the amount, the transaction is exempt. No tax will be levied.
However the source of such gift may be questioned by the department
However the source of such gift may be questioned by the department
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