Hi everyone,

I wanna ask a specific query regarding transfer of shares from a resident individual (transferor/seller) to a non resident individual(transferee/buyer). The transferor received the remittance in the month of March and files an FCTRS form with an AD-I Category Bank. Bank Acknowledges the receipt of Form FCTRS in the Month of May (within a prescribed period of 60 Days) and also files a copy of Form FCTRS with the Company in order to record the transfer of Shares.

Please suggest me what will be the date of Actual Transfer on which the Shares will be deemed to be transfer:-
A. The date on which the Resident individual receives money from Non-resident.
B. The Date on which the AD-I category bank gives an acknowledgement for receipt of Form FCTRS.
C. the Date on which the transferor contacts the Company to record the transfer of shares.
D. The date on which the AD-I category Bank files the Details of the FCTRS Forms received during the moth with the RBI and RBI processed the application.
E. Any other date.

Kindly provide any legal referrence with the answer in order to enable to me to discuss the issue with my seniors.

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Plz can u guide me on wat is it.

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Its urgently required.
please.........post it as soon as possible.

What is Volatility Index?

Can we consider STT as a cost while buying & Selling of shares.

What are the TDS norm in case there is a short term gain for Non Resident investors.

Can TDS be charged or every Gain Transaction or it should be calulated on quaterly basis, after considering all the transaction of gain as well as loss

Thanks in advance

Dear Sir,

i m new to the Market.
how to Deal in Future and Option?
How it is worked in NSE and BSE?
what price Prevail in the Market?
how to Make Sure About the Prices?
How to Sale and Purchase take Place?
How Broker Charge for F and O or we can say the Additional Cost?
how documentation take place?
how price changes take place in the Market?
hwo we can take reviews ragarding the Market?
PLS ans all Ques in order
pls give me as much details as possible which is useful to deal practically

Question : 1 - Is it possible to get my ELSS units redeemed before lock in period of 3 years. If yes, what are the charges involved in that ?



Question : 2 - What are the tax consequencies involved in it ?



Question : 3 - Is it possible to switch my ELSS units from one scheme to another of the same AMC, without redeeming them ? If yes, what are the tax consequecies involved in that ?





THANKS IN ADVANCE