WebbIf the fair market value (FMV) of the shares of stock exceeds the selling price, the difference may be subject to donor’s tax Failure to timely file the returns and pay the … WebbHowever, transferring your wife's shares to your name is not a tax friendly idea. It serves no purpose from the point of view of taxation. If the transfer takes place as gift, then there is no tax. If the transfer involves payment by the receiver, it is treated as a private deal and any capital gain accruing to the owner is taxed as income at ...
Difference Between a Share Issue and a Share Transfer - LegalVision
Webb30 juni 2024 · The major tax implications on share acquisitions are: Tax liability on capital gains, if any, and Tax liability on income from other sources, if any. Capital gains: Section 45 of the Income Tax Act, 1961 What are capital assets and capital gains? Capital assets WebbDepending on your personal tax situation, selling shares yourself and donating the proceeds to your CAF Charitable Trust or CAF Charity Account could be more tax … northload bridge glastonbury
Flip Structure Transactions: Regulatory Implications in India
Webb13 mars 2024 · Long-term capital gains (LTCG) on the transfer of listed equity shares and equity-oriented mutual fund schemes were tax-free until the 2024-18 fiscal year. The … Webb19 juli 2024 · Section 2 (30) of the Income Tax Act, 1961 (“ IT Act ”) defines a non-resident to be a person who is not a "resident" and a resident is defined as a person who is resident in India within the meaning of section 6 of the Act. Section 6 details the criteria of being a resident for (i) individuals and (ii) companies. Webb18 mars 2008 · The transfer of shares that were purchased by you less than a year ago will attract short-term capital gains tax, which will be charged at your marginal rate of tax. … how to say xiao chen