1. Can shares be transferred in kind? If yes, how is such consideration transfer will be reflected?
2. Even if the shares are transferred in cash, is it necessary to show the consideration transaction in the bank accounts of both the parties to transfer?
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Transfer of shares in kind
Replies (1)
Shares can be transferred in kind (e.g., gifts or non-cash consideration), but you must comply with tax valuation rules under the Income Tax Act to avoid being taxed on the Fair Market Value. While
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