Ltcg
This query is : Resolved
01 August 2016
My uncle transfered his physical form of listed shares in my name and then I dematerialised the shares and sold it.What would be tax treatment in my hands?
Amol S Joglekar
(Expert)
01 August 2016
it may be exempt in your hands if period of holding id more than 12 months....(Previous owner...i.e.your uncle....his period of holding is to be counted in yours...)
It is assumed the your Uncle has gifted these physical form shares to you
It is assumed the your Uncle has gifted these physical form shares to you
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