Counsel

Ask an expert! Legal, accounting and compliance advice from qualified professionals.

Share Details

0/200
0/1500

Your Question has been submitted.

The Counsel team is processing your question and connecting to the best suited professional from the community to have it answered. We’ll get back with an answer shortly.

Share Transfer

No. You can also transfer the shares for zero consideration as a gift. However, in this case, you will have to get the Gift deed in place. Also, income tax will be levied by treating the fair market value of the shares as income. However, it is an easier and better process to show actual money transaction in case of share transfer

...

View answer

Looking to hire a professional from our handpicked community?

Explore our services, submit your request and let us do the rest for you.

Get started