09 February 2018
Yes you can do so but if you will gift the same to other person then it will become the income of the receiver as Income from Other Sources under the provisions of section 56(2)(vii). Further, you will also need to think about the treatment of loan taken from that party.
09 February 2018
Since you have taken loan and in lieu of that you are issuing the shares. Therefore, if you gift the shares then what about the loan. That will still remain outstanding in the books.
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