Do I have to pay tax on gifted shares?

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Do I have to pay tax on gifted shares?Shares Recovery India Staff asked 2 years ago

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Do I have to pay tax on gifted shares?Pravin Poloju Staff answered 2 years ago
Yes, you have to pay tax on gifted shares until they are transferred to the other person’s name. After they are transferred to the other person’s name, they are responsible for the taxes levied on shares.