Can shares be gifted to family members or to a HUF?
A gift of shares to family member as well as the HUF will be tax exempt as it would be classified as ‘property received from a relative’ which is specifically exempt on account of section 56 (2)(x) of the Income Tax Act, 1961
Can we gift shares to some other family members (Sister or HUF)? In that case, will the dividend be taxable to us or to them? Can HUF or sister again gift back us the shares when required? Is there any frequency on which how many times we can gift? What is the best way to save tax on dividend from unlisted public limited company?