Loan repayment By transferring shares in demat account
This query is : Resolved
22 February 2021
Son takes Loan from father for exercising Esops, Can Son repay the amount by transfering the shares to fathers demat account? What will be tax implications?
22 February 2021
Capital gains tax applicable on this transaction.
23 February 2021
How ? shares are transferred in the nature of loan repayment
23 February 2021
If shares are transferred as GIFT to specified relative then also it should be exempt
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