Sir,
What is the procedure if Father (head of family) has to give shares to his children as a gift. These shares were bought in 2002
Thanks
Serle Joseph (Officer) (28 Points)
15 July 2014Sir,
What is the procedure if Father (head of family) has to give shares to his children as a gift. These shares were bought in 2002
Thanks
CA.Vinita Gupta
(Deputy Manager- Finance)
(2923 Points)
Replied 15 July 2014
Since the gift is from father to children who is a Relative so Gift Deed has to be made
Also share transfer form has to be filled and appropriate stamp duty affixed
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