Hi
I wanted to understand, if a Mother transfers shares to Son (shares held in Demat).. is there any tax implication if I call it a gift. And if the value is greater than Rs 50K, does it make a difference.
Thanks
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Transfer of shares
Replies (1)
Amt exceeding Rs.50000 will not make any diffrence as Gift from relative is completly tax free moreover the income derived from such shares after the date of transfer will form part of child's income given that he/she is not minor
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