Tax on shares as gift.
This query is : Resolved
16 April 2015
Hi,
Suppose I get shares as gift from my blood relations and I sell them off, will I be taxed ?
Market value is about 7,00,000.
Please advise.
Suppose I get shares as gift from my blood relations and I sell them off, will I be taxed ?
Market value is about 7,00,000.
Please advise.
16 April 2015
In case the shares have been acquired by the donor prior to one year and when you sell such shares in BSE/NSE (STT is paid by you),
then the capital gain arising on such sales is exempt U/s 10(38).
.
then the capital gain arising on such sales is exempt U/s 10(38).
.
16 April 2015
Thank you,
These shares were bought my donor around 6-7 years ago. and were partly sold by me on march 15 and rest were sold in April first week.
These shares were bought my donor around 6-7 years ago. and were partly sold by me on march 15 and rest were sold in April first week.
16 April 2015
Thank you,
These shares were bought my donor around 6-7 years ago. and were partly sold by me on march 15 and rest were sold in April first week.
These shares were bought my donor around 6-7 years ago. and were partly sold by me on march 15 and rest were sold in April first week.
16 April 2015
Just keep safe the copies of the relevant documents in your possession. There is no taxable capital gains.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- ERROR WHILE GENERATING .XML FILE FOR AY 2018-19
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
