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Transfer of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2013 I need to transfer shares of a closely held company, in both private and public. In my case, in most of the companies, the transferor needs to transfer his shares either to his brother or son of brother.
Now, what is the best way of transfer. either to sell or to gift.
Kindly, if u can help in finding out the consideration amount in both the case.
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
15 June 2013 Gift is a Good Option as Brother falls in the definition of Relative under Income tax act and hence not taxable
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2013 Thanx for ur prompt reply.And, in case of son of brother.what shud i do.
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