Taxability Of Gift

Mr.Ankit Jain, When a person receives any sum of money exceeding Rs.50000/- from one or more person, as a single or cumulative amount, then the entire amount of money received will be taxed. Many people are under a notion that, if money received as gift exceeding Rs.50000/-, then the amount which exceeds Rs.50000/- shall only be taxable which is completely wrong.

Entire sum would be taxed in excess of Rs 50,000.

is this also applicable when i want to gift some eq. shares of costing Rs.100,000/- to one person with whom i have no relationship?

This limit is applicable when you are recieving gift from someone. In your case you are giving so it is not applicable in your case.

no whether this will be taxable to the receipiant or fee?

any sum received in the previous year by way of gift from the relative (u/s56) in  cash which exceeds Rs.50,000 the entire amount of  the gift is taxable without any limit of Rs.50,000.gift in kind is not taxable

if you get any gift in cash exceeding Rs.50000 from a non relative, then invest such amount in 80C so that it will be an investment & and you could save tax also.