Mr A subscribe shares of X pvt Ltd co at a face value of Rs. 10. Now he wants to transfer share as gift to his relative. 1. what compliance should I follow? 2.what are the tax benefits
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Guest
gift in blood relation or wife father in law , mother in law no tax
on such transfer but prepare a gift deed
what If unquoted shares are transfer to any other person who is not his relative 1. can he transfer at face value of shares? 2. can he transfer at fmv of shares? 3.how fmv of shares derived?? 4. is there any liability to pay stamp duty