Please Help: Tax
Posted Date : 25-May-2011 , 11:34:19 am | Posted By Gurpreet Singh Gulati
Taxability of gifting shares to son
Category : Income Tax | Answers : 2 | Comments : 1 | Hits : 500
Answers
Answer By: CA VIKAS JAIN
gift to close relative is now exempt from tax irrespective of amount limit.
Answer By: Vaneet Gupta
Exempted
Comments
RAJESH SINGHAL
26-May-2011 , 10:24:24 amFifting of shares to son are exempt u/s 56(2)vii, hense to taxability will arise