Ostroff, Fair and Company
*Ostroff, Fair and Company>>>India Taxes

Can Karta of HUF can gift the shares of Company held by him to HUF, if so what is Gift implementation on HUF?


Can Karta of HUF can gift the shares of Company held by him to HUF, if so what is Gift implementation on HUF?

This is a matter of interpretation.
As per Section 64(2) of the I T Act, income derived from such shares shall be treated as your income.
Tags
United Kingdom Taxes Spain Taxes Singapore Taxes Mexico Taxes Ireland Taxes India Taxes Germany Taxes Canada Taxes Australia Taxes Small Business
Related information
  • Who pays fringe benefit tax ?
  • Do I need to pay capital gains tax even if my total income does not come under tax bracket?
  • Stying at mumbai in a rented place, can i buy a home (loan) at my native place and claim tax savings on both?
  • How many residential status are there in india according to income tax law ?
  • What is ModVat?
  • Since when NRI status rule changed.What does the new rule says.?
  • I own shares of some companies bought in 1994. I became an NRI in 1995. I can't sell them as I do need?
  • On what basis i need to pay the tax for Govt?
    • 　

    Finance Categories--Copyright/IP Policy--Contact Webmaster