https://www.taxtmi.com/forum/issue?id=3431 Transfers of shares between close relatives are covered by a relative exemption to the gift provisions; a gift of the shares back to the daughter can be effected by executing a gift deed and transferring the securities through demat procedures without registration formalities. The advisers note absence of trading in the father's account (other than dividends), and advise that the gift receipt is not income requiring disclosure in the daughter's return, though dividend receipt taxation depends on reporting by the recipient. en-us Thu, 22 Sep 2011 15:59:31 +0530 Thu, 23 Jan 2025 15:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3431 Transfers of shares between close relatives are covered by a relative exemption to the gift provisions; a gift of the shares back to the daughter can be effected by executing a gift deed and transferring the securities through demat procedures without registration formalities. The advisers note absence of trading in the father's account (other than dividends), and advise that the gift receipt is not income requiring disclosure in the daughter's return, though dividend receipt taxation depends on reporting by the recipient. Discussion-Forum Income Tax Thu, 22 Sep 2011 15:59:31 +0530 https://www.taxtmi.com/forum/issue?id=3431