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Loan repayment By transferring shares in demat account

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(Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 February 2021 Capital gains tax applicable on this transaction.
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jaideep sonpal

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jaideep sonpal (Querist)
23 February 2021 How ? shares are transferred in the nature of loan repayment



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jaideep sonpal

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jaideep sonpal (Querist)
23 February 2021 If shares are transferred as GIFT to specified relative then also it should be exempt

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