ITR Filling help in case of Gifted shares

Income Tax Act 1961 ITR Filing
1

Hello All,
Me and my wife have gifted shares & MF to my mother via zerodha platform and CDSL easiest.
I need help to understand while filling ITR where to mention the gift amount and what all consideration we should take.

I would appriciate your advise on below queries please,
Mother ITR - in which section the gift amount need to be mentioned?
My ITR - do I need to mention anything on my ITR fillig and where?
My wife’s ITR - do my wife need to mention anything on my ITR fillig and where?

any other thing I should know about this?

Thanks

1 Like
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Gifted shares must be reported correctly in your ITR, especially when they are sold later. The cost of acquisition and holding period are generally considered based on the original owner’s purchase details for capital gains calculation.