Capital Gains on Transfer of shares to son
This query is : Resolved
Quick Summary
21 November 2022
Father has transferred his physical shares to the Demat Account of the son, and then son sold the same and remitted the amount received on sale of shares.
What would be the implications of capital gains tax in the hands of father and son.
Please guide.
What would be the implications of capital gains tax in the hands of father and son.
Please guide.
21 November 2022
Capital gains tax applicable in the hands of the son as he only sold it.
No capital gains tax on father.
No capital gains tax on father.
22 November 2022
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