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Transfer share

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(Querist)
17 December 2007 Respected Sir,

My father wants to transfer liste company share to me without any consideration,
will it be taxable for my father?

thanx & regards
Ghanshyam
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
17 December 2007 NO . it is a case of gift from father to son , which is also not taxable in your hands .No tax on donor or donee in this case.
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ghanshyam

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ghanshyam (Querist)
18 December 2007 thsnx sir.
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ghanshyam

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ghanshyam (Querist)
18 December 2007
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
07 January 2008 the querry is resolved

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