How to gift equity shares to relatives, what are the tax implications

[IndiaInsurance]

https://img.etimg.com/photo/89362570.cms (https://economictimes.indiatimes.com/wealth/legal/will/how-to-gift-equity-shares-to-relatives-what-are-the-tax-implications/articleshow/89362570.cms)The relation of the donor with donee and the value of the gift are two factors that determine the taxability of a gift. In case the gift is made to close relatives enlisted under the Income Tax Act, it is not taxable, irrespective of the value.

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