Tax on gifting stocks? #LLAShorts 93

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Explained in 1 Minute
Tax on gifting stocks?
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Content Research: Sheirsh Saxena
Video Editor: Prince Sogani
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#LLA #Stocks #LLAShorts 93

[studyacc]

Yes 👍
For example I will gift a stock which i buyed for 1000
Current price 2000
To my mother
When she will sell it she will not have to pay tax
Because for her buying price is 2000

[HOID]

I didn't noticed until now that there are two persons, I just focused on the knowledge they give... 👌🔥

[kanishkalohar]

I love this comment section!! A lot of knowledgable people & valuable info 🙌

[navneet]

Part 2 pls for clearing the confusions!

[TaxEffects]

Cost in hands of receiver shall be the COST OF PREVIOUS OWNER (i.e. Doner).

[shortselong]

I just love your way of confident speaking and voice texture. Killer 🔥🔥🔥

[mudit.sharma]

After giving a gift to a relative, buying price of stock will not change. Humble request Please share the information after thoroughly studying, It affects your credibility . Otherwise great content.

[shivamk]

Thanks, i was also thinking about tax on gifting stocks yesterday while watching mandeep video.

[tariqhada]

Gift karke 2 person me 1 lakh + 1 lakh tak LTCG exempt 😂

[KanhaiLalani]

Yes we can gift our stocks to children or parents or spouse than they can sell and will get exempt of 1 lac LTCG extra.
But 1 mistake here : LTCG/STCG = Selling/current price (who received gift) - original Buying price (Who has given gift) or FMV on 31st jan 2018.
After giving gift to relative, buying price will not change. So you must have proof of original buying price for calculating LTCG.

[tilakrajkhati]

After receiving shares as gift, you have to put the stock buying price seperately. But there is a catch, suppose if you receive a stock as gift which buying price is 100 and receiving price is 200 then if you put 200 as your buying price after receiving gifted stock then you dont have to pay any taxes.

[abhishekarora]

Could you please clarify the tax benefit part of it in next video? Lot of confusing comments here

[payalgupta]

Yes, Gift up to ₹50000 In financial year exempt from tax.

[schrodinger]

Big businessman use this loophole all over world. They keep all their savings in stock and would only have to pay capital gains tax on selling. When their kids inherit the stocks the capital gains tax will apply on the new price and not from when it was originally bought.

[parvajoshi]

In sikkim for sikkim residents gift is not taxable (without limit) [not sure ]

[swag_jpg]

Its Because No Additional Value Is Created And It Is not calculated in national income
Studied it recently in National Income

[arkadas]

Thanks for answering my question on last video

[rajkarmakar]

Example
Maine stock 1000 me buy kya and jab stock ka price 2000 hoga mai bech ne ki vaja as a gift dunga and 2000 cash/UPI rupees le lunga simple..

[vaibhavmehta]

Actually, this is incorrect. To compute the capital gains, Cost of Acquisition of the Capital Asset would be determined as the purchase price of the previous owner.

[vaibhavshinde]

Sir,
Can you please make detailed video of tax on gifted shares with the help of different scenarios? If I gifted shares more than 5 lacs to my wife or brother then will it be taxable to her/him ?