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Death of parent

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03 April 2012 Hi, my father died n he has shares, so what is advisable to do to prevent tax? - transfer shares to wifes ac, or son ac or grandson ac or daughter in law ac ?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
04 April 2012 In the absence of a will, normally the assets are transferred to the legal heir, in this case the wife.

If the wife does not have any other income, then transfer the shares to your mother.
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