tax query

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  1. Dipeshh

    Dipeshh New Member

    I wanted to know what are the tax consequences for listed company shares transferred from a father to his sons
     
  2. Chandrashekar M

    Chandrashekar M Active Member

    If you gift Shares/Stocks to your blood relatives or family members they need not pay any tax on the gift they just received.

    The following members will fall under the category of blood relatives or family members who need not pay taxes if you gift them Shares that you own.

    • Spouse of the individual
    • Brother or sister of the individual
    • Brother or sister of the spouse of the individual
    • Brother or sister of either of the parents of the individual
    • Any lineal descendants of the individual or his/her Spouse. Ex: Children, Grand Children, Great Grand Children etc...
    • Any lineal ascendant of the individual or his/her Spouse. Ex: Parents, Grand Parents et
    • Spouse of the Brother/sister of individual or brother/sister of spouse of individual

    Chandrashekar
    http://incometaxdoubts.wordpress.com
     
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