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Journal entry for the Shares given as gift in the books, of both donor and donee

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(Querist)
23 June 2023 My Mother in Law gifted me 10 shares of TCS on 30/05/2022. what journal entries has to be made to record the this transaction in both our books . Please also let me know what entries to be passed in tally for the same in both our books of account.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 June 2023 Current assets shares TCS 10 number amount (cost to the Mother in law) Dr.
To capital account credit.
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Arun Baid

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Arun Baid (Querist)
23 June 2023 and in books of donor what will be the enrty
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 June 2023 Capital account Dr
To investment shares cr
(TCS 10 shares gift to son in law)

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