My daughter gifted me shares worth 40 lacs so that I can book an appartment in Mumbai.
It's now more than 4 months but I couldn't find a good proposal so want to return those shares back to her.
Please suggest the way to do it.
Thanks in advance.
My daughter gifted me shares worth 40 lacs so that I can book an appartment in Mumbai.
It's now more than 4 months but I couldn't find a good proposal so want to return those shares back to her.
Please suggest the way to do it.
Thanks in advance.
You can legally and easily return the shares through an off-market transfer, and there are no tax issues since transfers between parent and child are exempt.
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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