Share transfer

dear member

This can surely be done. However, the provisions of Sec 56 of Income Tax Act, 1961 will be attracted in this case in the hands of the transferee.

Also, the stamp duty is always payable on the higher of market value or the consideration value.

Hope this helps.

if we transfer shares  to a relative without any consideration,

stamp duty liability arises or not ?

It does arise.

In such case, market value of the shares is deemed to be the full consideration.