LawRato

Transfer of shares. How to proceed ?


29-Apr-2023 (In Tax Law)
My dadi ,my father, my uncle, were joint holder of 31500 shares of listed company. My father died in 2015. Now shares has been divided between two people by the company after deleting my father name. Now my dadi will transfer shares as gift to my mother with the gift deed attach to shares. Are these shares are taxable. What is stamp duty is applicable on gift deed
Answers (1)

Answer #1
680 votes
To answer this query, I need to know in which state this deed will be executed along with some other information such as value of shares, relation etc. because stamp duty charges vary state to state..

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."