Whether any Tax Liability arise in case one shareholder transfer his share to another shareholder under Private Company.
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 March 2021
Yes if shares are transfer to another shareholder then if the FMV of such consideration exceeds 50000 rupees then it is taxable under the hands of recipient
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