banner_ad

Capital gain on shares received from father as gift

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 September 2013 Dear Sir,
I Mr.Paresh Doshi want to know that,
I have received shares from my father as gift due to my father is dead.

I want to know that short term/long term capital gain arise on holding of shares if i will transfer to my accout. recently the share is on my fathers name.

Any Income on dividend is taxable for me?
Any short term or long term capital gain applicable for liability of tax.

how it can work out?


Thanks
Paresh Doshi
Mo.9725158864
Email : pbdoshi2011@gmail.com
Profile Image

CA LOKESH KASAT, FCA, M.Com

Profile Image

CA LOKESH KASAT, FCA, M.Com (Expert)
01 September 2013 Dear paresh, gift received from father is not taxable. Further your holding period of share will start from the day when your father purchased share and if it is more than 12 month than only long term
dividend income shall be exempt, no need to worry, you just apply in company for transmission
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details