Physical transfer of share from children to parent
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2012
If shares of listed company are transferred in physical form
Child + Parent (Joint Holding)
to
Parend (Single Holding)
(i) Whether it is compulsory to transfer funds equivalent to transfer value from child's bank account to parent's account?
(ii) What are the tax implications?
Child + Parent (Joint Holding)
to
Parend (Single Holding)
(i) Whether it is compulsory to transfer funds equivalent to transfer value from child's bank account to parent's account?
(ii) What are the tax implications?
CA Suresh Jain
(Expert)
28 August 2012
1. Transfer of fund is not required,
2. no tax implication
2. no tax implication
CA Suresh Jain
(Expert)
28 August 2012
1. Transfer of fund is not required,
2. no tax implication
2. no tax implication
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