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Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2013 whether Security transaction tax is liveable on transfer of shares of private limited company?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 June 2013 No. It is applicable to listed shares traded through stock exchanges where as shares of Pvt ltd company's are traded / transfered out side stock exchanges.

Ganeshbabu K

Ganeshbabu K (Expert)
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11 June 2013 Dear author,

No,Security transaction tax is not applicable on
off-Market transfer of shares...

What is off market transfer of shares?

An off-market transfer is a method for privately transferring shares between two shareholders without using the services of a share broking firm. Essentially, an off-market transfer is a change of ownership as the shares are not being publicly traded on the share market.

Thanks & regards
Ganesh babu

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