Tax Implications for Receiver:
Gifts up to INR 50,000 in value are tax-exempt; above this, they're taxed as income from other sources.
Shares received from relatives or on special occasions are usually exempt from tax.
Tax on Sale of Gifted Shares:
Capital gains tax applies based on the holding period and nature of the shares.
Long-term gains apply if shares are held for over 12 months, taxed at 10%.