{"id":31535,"date":"2026-10-30T12:04:14","date_gmt":"2026-10-30T12:04:14","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?post_type=personal-finance&#038;p=31535"},"modified":"2026-10-30T12:04:14","modified_gmt":"2026-10-30T12:04:14","slug":"tax-on-shares-received-as-gifts","status":"publish","type":"personal-finance","link":"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/","title":{"rendered":"Tax on Shares Received as Gifts: Rules for Investors"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">A gift of shares may cost the recipient nothing, but that doesn&#8217;t necessarily mean the tax question ends there. Imagine a father transferring shares worth \u20b92 lakh to his daughter as a birthday gift. She hasn&#8217;t paid a single rupee for them, so does she owe any tax simply for receiving them? And what happens if she decides to sell those shares a few years later at a profit? The answers aren&#8217;t quite as straightforward as they might seem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under gift tax in India, shares received from a parent are generally exempt from tax at the time of receipt. However, selling those same shares later can bring capital gains tax into the picture. The original purchase price, the period for which the shares were held, and the circumstances of the gift can all affect the tax calculation. This blog explains the rules governing shares received as gifts, gift tax in India, when tax becomes payable, how gains are calculated, and what investors should know before transferring or selling gifted shares.\u200b<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#Are_Gifted_Shares_Taxable_The_Basic_Principle\" title=\"Are Gifted Shares Taxable? The Basic Principle\">Are Gifted Shares Taxable? The Basic Principle<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#Tax_When_You_Receive_Shares_As_A_Gift\" title=\"Tax When You Receive Shares As A Gift?\">Tax When You Receive Shares As A Gift?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#Tax_When_You_Sell_Gifted_Shares\" title=\"Tax When You Sell Gifted Shares\">Tax When You Sell Gifted Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#Tax_for_the_Donor\" title=\"Tax for the Donor\">Tax for the Donor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#%E2%80%8BGifts_to_Different_Recipients_A_Quick_Reference_Table\" title=\"\u200bGifts to Different Recipients: A Quick Reference Table\">\u200bGifts to Different Recipients: A Quick Reference Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#How_to_Gift_Shares_Step_by_Step\" title=\"How to Gift Shares: Step by Step\">How to Gift Shares: Step by Step<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#Reporting_In_Your_ITR\" title=\"Reporting In Your ITR\">Reporting In Your ITR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#Common_Mistakes\" title=\"Common Mistakes\">Common Mistakes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/tax-on-shares-received-as-gifts\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"h-are-gifted-shares-taxable-the-basic-principle\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Are_Gifted_Shares_Taxable_The_Basic_Principle\"><\/span>Are Gifted Shares Taxable? The Basic Principle<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Receiving shares as a gift and selling them later are two different situations under tax law. For someone receiving <strong>gifted shares<\/strong>, the first question is whether tax becomes payable when the shares enter their demat account. The second is whether they will owe tax when those same shares are eventually sold for a profit. For example, suppose your father gifts you 100 shares that he bought for \u20b9200 each. You receive the shares without paying him anything. Since the gift comes from your father, it is generally exempt from tax at the time of receipt. Now, imagine you sell those shares later for \u20b9350 each.\u200b<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You have made a profit, and that is where <a href=\"https:\/\/www.pocketful.in\/blog\/tax\/capital-gains-tax\/\"><strong>capital gains tax<\/strong><\/a> may come into the picture. The tax treatment of the gift and the tax on the eventual sale are two separate matters, each with its own rules. These are separate events, and understanding the difference can save investors from confusion when dealing with shares passed down by parents or other family members.\u200b<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here is how the distinction works:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>When you receive the shares:<\/strong> The tax treatment depends on who gifted them, the value of the shares, and whether an exemption applies. Shares received from qualifying relatives are generally exempt from tax at the time of receipt.<\/li>\n\n\n\n<li><strong>When you sell the shares:<\/strong> Any profit from the sale may attract capital gains tax. The calculation generally considers the previous owner&#8217;s purchase cost rather than the market value on the date you received the shares.<\/li>\n\n\n\n<li><strong>Why both stages matter:<\/strong> An exemption when receiving a gift does not automatically make future profits tax-free. The original transfer and the eventual sale must be assessed separately.<\/li>\n<\/ol>\n\n\n\n<h2 id=\"h-tax-when-you-receive-shares-as-a-gift\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_When_You_Receive_Shares_As_A_Gift\"><\/span>Tax When You Receive Shares As A Gift?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A lot depends on who is sending the shares your way. In case your father has transferred equity shares worth \u20b95 lakh in your demat account, then you are not taxed for simply having received them. Similarly, any kind of gifts from relatives as specified by the Income Tax Act, such as your spouse, parents, brothers, sisters, and others, are not subject to taxation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, in the case of gifts that have been received from a friend or someone else who is not related to you, then it becomes an entirely different scenario altogether. As per the provisions of section 56(2)(x) of the Income Tax Act, if the total fair market value of the gifts in a financial year is more than \u20b950,000, the whole aggregate value is taxable as &#8216;income from other sources&#8217;.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are exceptions, too. Shares received through a will or inheritance are generally exempt, as are qualifying gifts received on the occasion of your own marriage. Certain gifts from eligible institutions and other specified entities may also be exempt, depending on the conditions they meet.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also:<\/strong> <a href=\"https:\/\/www.pocketful.in\/blog\/tax\/what-is-angel-tax\/\">What is Angel Tax?<\/a><\/p>\n\n\n\n<h2 id=\"h-tax-when-you-sell-gifted-shares\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_When_You_Sell_Gifted_Shares\"><\/span>Tax When You Sell Gifted Shares<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Selling gifted shares comes with its own tax rules. The original owner&#8217;s purchase cost generally carries over to the recipient, rather than resetting it to the market value on the date of the gift. The donor&#8217;s holding period also counts here, which can affect whether the profit is treated as a short-term or long-term capital gain.\u200b<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For qualified listed equity shares, the holding period is generally 12 months for the gains to be classified as long-term. For transfers made on or after 23 July 2024, qualifying short-term gains are generally taxed at 20%, while qualifying long-term gains are generally taxed at 12.5% on gains exceeding the applicable annual threshold of \u20b91.25 lakh. The actual rate and calculation depend on the security, transaction date and relevant tax provisions. Certain eligible shares acquired before 31 January 2018 may also qualify for the grandfathering provisions.<\/p>\n\n\n\n<h2 id=\"h-tax-for-the-donor\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_for_the_Donor\"><\/span>Tax for the Donor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Giving shares as a gift generally doesn&#8217;t mean the donor has to pay tax on shares at the time of transfer. There is one thing to watch out for, though. If you gift shares to your spouse or child, any income earned from them, including dividends and certain gains, can be clubbed with your own income under the applicable tax rules. So, even when the gift itself is exempt, the income it generates may still affect your tax liability.<\/p>\n\n\n\n<h2 id=\"h-gifts-to-different-recipients-a-quick-reference-table\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%8BGifts_to_Different_Recipients_A_Quick_Reference_Table\"><\/span>\u200bGifts to Different Recipients: A Quick Reference Table<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Who receives the shares can make a difference to the tax treatment. This table gives a quick overview of what generally applies when you gift shares to family members or someone outside your family.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Recipient<\/th><th>Tax when receiving the gift<\/th><th>Clubbing risk<\/th><\/tr><\/thead><tbody><tr><td>Spouse<\/td><td>Exempt&nbsp;<\/td><td>Yes&nbsp;<\/td><\/tr><tr><td>Minor child<\/td><td>Exempt&nbsp;<\/td><td>Yes&nbsp;<\/td><\/tr><tr><td>Adult child<\/td><td>Exempt&nbsp;<\/td><td>Generally no&nbsp;<\/td><\/tr><tr><td>Parents or siblings<\/td><td>Exempt&nbsp;<\/td><td>Generally no&nbsp;<\/td><\/tr><tr><td>Friend or non-relative<\/td><td>Taxable if the applicable gift threshold is exceeded<\/td><td>No, generally<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"h-how-to-gift-shares-step-by-step\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Gift_Shares_Step_by_Step\"><\/span>How to Gift Shares: Step by Step<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Transferring shares as a gift involves a few simple steps. Unlike <a href=\"https:\/\/www.pocketful.in\/blog\/tax\/inheritance-tax\/\"><strong>inheritance tax<\/strong><\/a>, which concerns assets received through inheritance, gifting shares involves a direct transfer during the owner&#8217;s lifetime. Understanding the process can help you complete the transfer without unnecessary delays.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Check the recipient&#8217;s details:<\/strong> Get their demat account number and the relevant depository participant details.<\/li>\n\n\n\n<li><strong>Initiate the transfer:<\/strong> Use a Delivery Instruction Slip (DIS) or your depository&#8217;s online transfer facility, where available.<\/li>\n\n\n\n<li><strong>Check applicable charges:<\/strong> Confirm whether stamp duty and any depository or broker charges apply before completing the transfer, as these differ from the tax considerations associated with inheritance tax.<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\">\n<li><\/li>\n<\/ol>\n\n\n\n<h2 id=\"h-reporting-in-your-itr\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reporting_In_Your_ITR\"><\/span>Reporting In Your ITR<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When filing your Income Tax Return (ITR), report taxable gifts under the applicable income category and schedule, where required. If you sell gifted shares, calculate and report the resulting gains under the relevant Capital Gains schedule. Keep the donor&#8217;s original purchase records, transfer documents and other supporting details to establish the cost of acquisition and holding period. The <a href=\"https:\/\/www.pocketful.in\/blog\/tax\/types-of-taxes-in-india\/\"><strong>types of taxes<\/strong><\/a> and reporting requirements depend on the nature of the transaction and the applicable ITR form.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/tax\/capital-gains-tax\/\">What is Capital Gains Tax in India?<\/a><\/p>\n\n\n\n<h2 id=\"h-common-mistakes\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_Mistakes\"><\/span>Common Mistakes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A few minor errors while giving away shares might cause future tax-related problems. Here are a few tips that should be kept in mind before giving away or receiving shares.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Forgetting to maintain purchase details: Maintain purchase details of the donor for proper calculation of capital gains upon sale of the shares.<\/li>\n\n\n\n<li>Forgetting clubbing provisions: Ensure that dividends or gains from shares given to a spouse or minor children may be clubbed with your income.<\/li>\n\n\n\n<li>Not taking care of gift tax while receiving shares from friends: Don\u2019t forget the \u20b950,000 limit while receiving shares as gifts from friends.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/taxation\/long-term-capital-gain\/\">Long-Term Capital Gain (LTCG) Tax on Mutual Funds<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">2<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/tax-on-gold-investment-in-india\/\">Tax on Gold Investment in India: Physical, Digital &amp; SGB Explained<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">3<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mutual-funds\/taxation\/long-term-capital-gain\/\">LTCG Tax on Mutual Funds \u2013 Rates &amp; Taxation Explained<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">4<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/what-are-tax-free-bonds\/\">Tax-Free Bonds: Their Features, Benefits, and How to Invest<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/why-do-we-pay-taxes-to-the-government\/\">Why Do We Pay Taxes to the Government?<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"h-frequently-asked-questions-faqs\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">I received shares from my father. Do I have to pay tax on shares?<\/h3><p class=\"saswp-faq-answer-text\">Generally, no. Under gift tax in India, shares received from your father are exempt from tax at the time of receipt, regardless of their value.\u200b<\/p><li style=\"list-style-type: none\"><h3 class=\"\">A friend gifted me shares worth \u20b91 lakh. Is that taxable?<\/h3><p class=\"saswp-faq-answer-text\">Yes, generally, based on the type of tax, if the aggregate value of relevant gifts from non-relatives exceeds \u20b950,000 in a financial year, the entire taxable value is subject to gift tax under Income from Other Sources.\u200b<\/p><li style=\"list-style-type: none\"><h3 class=\"\">How is the gain calculated when I sell gifted shares?<\/h3><p class=\"saswp-faq-answer-text\">The gain is generally calculated using the original owner&#8217;s purchase cost, not the market value when you received the gifted shares. The applicable capital gains tax depends on the holding period and other relevant rules.\u200b<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Does the person gifting the shares have to pay any tax?<\/h3><p class=\"saswp-faq-answer-text\">Generally, no tax is payable on the gift transfer itself because the shares are gifted rather than sold. However, clubbing provisions may apply when gifting shares to a spouse or minor child, affecting the tax on share income.\u200b<\/p><li style=\"list-style-type: none\"><h3 class=\"\">How do I transfer shares to someone as a gift?<\/h3><p class=\"saswp-faq-answer-text\">You can usually transfer shares through a Delivery Instruction Slip (DIS) or your depository&#8217;s online facility, subject to its requirements. Keep the gift deed, transfer records and purchase details and remember that types of taxes and applicable charges may differ depending on the transaction.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>A gift of shares may cost the recipient nothing, but that doesn&#8217;t necessarily mean the tax question ends there. Imagine a father transferring shares worth \u20b92 lakh to his daughter as a birthday gift. She hasn&#8217;t paid a single rupee for them, so does she owe any tax simply for receiving them? And what happens [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":31547,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-31535","personal-finance","type-personal-finance","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax on Shares Received as Gifts: Rules for Investors<\/title>\n<meta name=\"description\" content=\"Planning to gift shares to a family member or friend? Learn the rules about gift tax in India, available exemptions &amp; what to know before selling gifted shares\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax on Shares Received as Gifts: Rules for Investors\" \/>\n<meta property=\"og:description\" content=\"Planning to gift shares to a family member or friend? 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