Capital gain

This query is : Resolved 

Quick Summary
This discussion clarifies whether an NRO son needs to pay capital gains tax when transferring equity shares to his father. Capital gains tax is indeed applicable to the son, with the tax liability determined by the holding period of the shares. It's advisable to account for these gains or losses when filing tax returns.

03 August 2020 sir
This is regarding equity shares of my NRO son who transferred his shares to the father in the month of November 2019 is there any capital gain to be paid by the son when he files his ITR.
Please clarify
Thanking you











































04 August 2020 Advisable to do commercial transaction and discharge the gains/losses.

09 August 2020 Yes Capital Gain is applicable based on period of holdings...


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details