Gifting of unlisted shares to wife and daughters

Querist : Anonymous (Querist) 21 October 2010 This query is : Resolved
I wish to gift some unlisted shares which I got after death of my father as my share of his assets to my wife and married daughters. Pl. advice on tax implications. Regards.

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soumitra basu (Expert) 22 October 2010
Gift to wife and daughter both in the hands of the donor and donee.

s.subramanian (Expert) 24 October 2010
Yes.

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