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Purchase and transfer share

This query is : Resolved 
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(Querist)
04 December 2015 Dear Sir,
If I purchase share on my broker A/c. and then transfer to my father Demat A/c.
Then who will get benefit of income tax (deduction),or what is position of income tax?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
06 December 2015 which benefit are you referring to?
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