Enjoy The Gift! Gift Tax Act Is Dead Long Ago.

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Does there arise a gift tax for A.Y-92-93,in respect of a quoted shares alloted to a major shareholder of a Ltd company ‘X’, by way of a family partition (where such shareholder is the member of the family that controls the closely held limited company ‘X’ )? gspk@..mail.comGift Tax Act is abolished long ago. So…

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