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You are here: Home / Archives for profit and loss appropriation account

How To Value Gifted Shares For Income Tax Purpose?

April 13, 2010 by taxworry

From 1/10/2009 , Individuals and HUF receiving any share or securities   from a person other than following persons  are required to pay tax on the value of share received :
(a)  from any relative; or

(b)  on the occasion of the marriage of the individual; or

(c)  under a will or by way of inheritance; or

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Filed Under: Gift Tagged With: amount, balance, Bill, equity, Gift, income tax act, jwellery, preference shares, profit and loss appropriation account, tax, valuation of property, Value

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