Capital gains on transfer of shares received as gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2018
What is the date of acquisition for equity shares of listed company received as gift from grandfather which are sold within one month of gift ?
What are the tax consequences if both the transactions have occurred before 31st March 2018?
What are the tax consequences if both the transactions have occurred before 31st March 2018?
29 July 2018
The date of acquisition will be the date of acquisition of grand'father. No tax payable if the shares were acquired more than one year by grand father.
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