I intend to gift shares to my mother and request clarity on following:
1. Is gift deed mandatory for this transaction? If so, what is the format?
2. Whether the tax liability of dividends received by my parents on gifted shares shall be that of my parents or mine?
3. Can these shares be gifted back to me by my parents at a later stage? In such case, whether the tax implications will be different or same as gift of shares to relative?
no deed is required.
How to gift shares in India?
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Well advised by expert Mr. Rama Chary Rachakonda, I agree and appreciate.
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