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#446 Daily Money Show | Stock Market News
Original: # 446 Daily Money Show | Money Purse Stock Market News
Takeaway
Gift of equities to immediate family is tax-exempt for the giver but recipients pay capital gains tax on subsequent sale.
Summary
- Nifty closed at 18,618 (+55 points); midcap +0.32%, smallcap +0.37%, Bank Nifty slightly positive
- Bulk deal: 379 shares each sold at Rs.307 per share worth Rs.112.07 cr
- Tax viewer question: gifting equities to family members (brother, father, spouse) — discusses tax implications and whether family members owe tax on sales
- Stocks mentioned: South Africa is biggest market reference
gift taxbulk dealsfamily transfer
Original description
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