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Physical shares

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(Querist)
15 November 2014 Dear Concern, My grand mother is helding physical shares of ITC since 1988 and till date several bonus & split happened and we have received the same. My granny is not having demat account and neither she is having pancard, is it possible to transfer shares in my name, if yes then what will be the tax liabilities.
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 November 2014 Open the d mat account in the name of Granny and get the shares d mat.
Out of stock exchange transfers are subject to capital gain, since security transaction tax is NOT paid on that.
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Rupesh Jain

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Rupesh Jain (Expert)
26 November 2014 YOU HAVE TO OPEN THE DEMAT A/C AFTER THAT YOU HAVE TO SENT THE CLIENT MASTER TO THE COMPANY WITH PHY CERTIFICAT THEN YOU SHARES TFR IN DEMANT A/C AFTER THAT YOU SELL THE SHARES.
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