How are gifted shares taxed? | Tax on gifting of shares in India

Income Tax Act 1961 Income from Other Sources
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Hey @Sanyam_Negi,

Gifts from non-relatives of monetary value of more than ₹50,000 are taxable in the hands of the receiver. The FMV of the shares would be taxed as ‘income from other source’ as per your applicable slab rate.

Hope this helps!