Is any tax liable on these gifted stocks, MFs, ETFs or Gold bonds? If yes, how much?
Jainam Broking Limited
Last Update 2 jaar geleden
In case the gift receiver is a relative as per the income tax act which includes spouse, siblings of self/spouse, children, and Parents
Regardless of the share transfer's value, the gift received is not taxable.
If the value of the shares is less than Rs 50,000 and they are gifted to someone who is not a relative as defined by the Income Tax Act, they are tax-exempt. The market value of shares should be taken into account while valuing shares. However, if the market value of the shares given exceeds Rs. 50,000, the transfer is subject to taxation in the hands of the recipient within the category of income from other sources. Regarding the taxation you can consult with your CA