Tax implications for gifted shares: What you need to know
Shares received as a gift from a relative are exempt from taxation; however, the recipient takes on the original owner's holding period and cost of acquisition. For shares valued above ₹50,000 gifted by someone who is not a relative, the amount is treated as taxable income from other sources based on the market value at the time of receipt. Any subsequent sale of these shares will be subject to capital gains tax.
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