Shares gifted by father

work is worship (Service) (2728 Points)

19 October 2009  

HI.. a querry..

where a individual has been gifted 100 shares of SBI flexi bond at 60 per share when he was a minor.. Now he a major wants to sell and the price is rs 2500 per share.. His father is still having taxable income and filing return. Capital gains would be taxed in whose hands..