Sunday, February 6, 2022

How to gift equity shares to relatives, what are the tax implications

The relation of the donor with donee and the value of the gift are two factors that determine the taxability of a gift. In case the gift is made to close relatives enlisted under the Income Tax Act, it is not taxable, irrespective of the value.

from Personal Finance News-Wealth-Economic Times https://ift.tt/e7ntfDq

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