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Physical shares

This query is : Resolved 
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(Querist)
15 November 2014 Hi my uncle is holding physical shares of sun pharma since 1987, They wanted to transfer in demat form and want to sell them, is their any tax liabilities will happen,
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 November 2014 Send the shares for D mat. Long term capital gain on shares...is exempt.
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Rupesh Jain

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Rupesh Jain (Expert)
26 November 2014 YOU HAVE TO TFR IN DEMAT FORM THEN YOU SELL AND LONG TERM CAPITAL GAIN WILL EXEMPT FROM TAX.
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