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Capital Gain Tax Computation on sale of shares

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(Querist)
02 March 2020 I received shares from my co-brother as gift and received dividend too in holding period which was less than 12 months. Now within 1 year i gifted the same to him. What is the tax implication?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
02 March 2020 In my view the Gift does not attract any tax implication. However, the re-transfer may create some suspicious in the mind of tax authorities if such transactions come across in their notice. Dividend is also not taxable ,if the company has paid Dividend Distribution Tax (DDT) while distributing the dividends.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 March 2020 Section 94(7) applicability may be checked.
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