DEAR FRIENDS PLEASE ADVISE ME IF FATHRE GIFT TO HIS SON 5000 QTY. PVT LTD SHARES @ 0 COST BUT THE FATHER HOLD THE ABOVE SHARES @ Rs.5.00/- & HOW TO ACCOUNTING THE FATHERS SHARE VALUATION.
1 Replies
Tejas Jain
(Chartered Accountant)
(314 Points)
Replied 07 May 2012
Gift Exps. A/c or Drawing A/c Dr 5000/-
To Eq. Share A/c 5000/-
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