A person decides to Transfer some of his Equity shares in an unlisted public Company to another person ( a non-relative of him). For Instance, let us say 1 Equity share of the face Value of Rs.10/-. The last issue price of this particular share is Rs.100/- and has a value of Rs.50/- as per latest Valuation certificate from CA.
Kindly advise the tax implications of this transfer of share on both the transferor and transferee in the following two situations. Whether the Donor of the gift need to pay any Tax here?
1. He Sells his share @ Rs.100 to the Transferee
2. He give the said share to Transferee by way of Gift
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