Hey, I bought 10 stocks of ‘X’ at the average price of 100. Then, I gifted this to my sister when the price of the stock was 150. Now the stock is around 200.
In my P&L Tax, 500 which is (150-100)*10 is shown as profit which will be taxed. But shouldn’t all the tax over the gain be taxed at my sis end and not from me?
@Quicko Can you help us with this query?