i want to transfer shares of my mother worth 55 lakhs in my account,in that case what will be the tax liability.and what if my mother sells all the shares and transfer that money in my account.in both case which is desirable
Gifts between a mother and son incur zero gift tax. Direct off-market share transfer (Option 1) defers capital gains tax until you sell them, while having the mother sell first (Option 2) triggers capital gains tax immediately for her. Option 1 is generally preferred unless tax bracket/loss set-off strategies favor your mother realizing the gains now.