NRI SON TRANSFER SHARES TO FATHER BEFOR 15 YEARS...
This query is : Resolved
16 June 2026
HI,
WHILE SON GOING ABROAD TRANSFER ALL SHARES TO FATHER...IN DP ACOUNT OFFIVCIALY, BEFOR APP. 10 YRARS.
FATHER ENJOYED DIVIDENDS ETC...NOT SALE A SINGLE SHARE...HAVE FULL DATA.
WHETHER, FATHER CAN PAY CONSIDERING SENSEX, INCREASED,
EG. VALUE TRANSFER APP 1.0 LAC, TODAY 8,00 LAC ..
WHETHER FATHER HAS TO PAY ANY TAX ? OR SUN NRI, HAS TO PAY TAX ?
PL SUGGEST BEST/GUIDE .....
WHILE SON GOING ABROAD TRANSFER ALL SHARES TO FATHER...IN DP ACOUNT OFFIVCIALY, BEFOR APP. 10 YRARS.
FATHER ENJOYED DIVIDENDS ETC...NOT SALE A SINGLE SHARE...HAVE FULL DATA.
WHETHER, FATHER CAN PAY CONSIDERING SENSEX, INCREASED,
EG. VALUE TRANSFER APP 1.0 LAC, TODAY 8,00 LAC ..
WHETHER FATHER HAS TO PAY ANY TAX ? OR SUN NRI, HAS TO PAY TAX ?
PL SUGGEST BEST/GUIDE .....
16 June 2026
Tax on Initial Gift: Neither the son nor the father pays tax on the transfer itself because it is a gift to a relative.
Tax on Future Sale: The father will be liable for capital gains tax if he sells the shares. His cost price is the son's original purchase price, and his holding period includes the time the son held the shares.
Tax on Dividends: The father is responsible for paying tax on any dividends received after the transfer.
Tax on Future Sale: The father will be liable for capital gains tax if he sells the shares. His cost price is the son's original purchase price, and his holding period includes the time the son held the shares.
Tax on Dividends: The father is responsible for paying tax on any dividends received after the transfer.
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