Meaning of terms used in tax
This query is : Resolved
05 June 2012
What is the difference between beneficiary ownership & registered ownership?
Kindly specify the meaning of the two terms
Kindly specify the meaning of the two terms
05 June 2012
Take the example of shares held in demat form. The registered onwer is the depository(NSDL or CSDL). The name of depository is entered in the register of shareholders.
However, the beneficial owner is the demat holder.
Any income from such shares shall be the income of the beneficial owner and not the registered owner.
However, the beneficial owner is the demat holder.
Any income from such shares shall be the income of the beneficial owner and not the registered owner.
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