Share transfer
This query is : Resolved
Dasharath Appa Pujari
(Querist)
22 September 2012
Dear All,
I have to sale shares which were purchased on my behalf by my friend which were later on transfered to me.
My query is,
1) What would be taken as cost of acquisition?
2) To categorise sale as long term or short term which date is be taken into account?
3) Any tax implication on my friend for transfer of shares in my fvr?
I have to sale shares which were purchased on my behalf by my friend which were later on transfered to me.
My query is,
1) What would be taken as cost of acquisition?
2) To categorise sale as long term or short term which date is be taken into account?
3) Any tax implication on my friend for transfer of shares in my fvr?
Ajay Mishra
(Expert)
21 November 2012
Hi
It is listed security or not.
Hi
It is listed security or not.
Dasharath Appa Pujari
(Querist)
21 November 2012
Thanks Ajay.
The shares are listed one.
The shares are listed one.
Ajay Mishra
(Expert)
21 November 2012
Hi
The market value (closing price)on stock exchange as on date of transfer will be taken into account.
The market value (closing price)on stock exchange as on date of transfer will be taken into account.
Dasharath Appa Pujari
(Querist)
21 November 2012
Dear Ajay,
Thanks for answer to first question.
Thanks for answer to first question.
Ajay Mishra
(Expert)
21 November 2012
Welcome Mr. Pujari.....
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