What is the process for transfer of shares in Pvt. co. by Gift deed (From Father to his Son)...Does it needs to be on stamp paper , if yes then whether it needs to be registered??
2 Replies
Sunny Delight
(CA)
(33 Points)
Replied 28 September 2016
Okey. Go with your believe. God has nothing to do with it.
Annu Agarwal
(Practice)
(3483 Points)
Replied 01 October 2016
Yes you can tranfer the shares as gift to family members.Please comply with the following : 1.Board Resolution approving transfer of shares.
2.Gift Deed on stamp paper of Rs 100.
3.Share transfer form SH-4 along with share transfer stamp duty .
4.For calculation the the amount of stamp duty,apply the rate of 025% on fair value of shares transfered.
Regards
annu agarwal
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
