InvestorQ : Do I have to pay capital gains tax if shares are gifted to relatives?
shrinidhi Rajan made post

Do I have to pay capital gains tax if shares are gifted to relatives?

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Riya Dwivedi answered.
1 year ago
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As per the rules of Income Tax pertaining to gifts, any gift of shares above the value of Rs.50,000 is taxable in the hands of the recipient of the gift as “Income from other sources”. You can gift shares up to Rs.50,000 to anyone without attracting any of the income tax provisions. But there is an exception here. The exception pertains to gifting shares to your relatives. The term relative is defined as blood relation in the Income Tax Act.

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