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Share transfer

This query is : Resolved 
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(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?
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Ajay Mishra

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Ajay Mishra (Expert)
21 November 2012

Hi

It is listed security or not.
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Dasharath Appa Pujari

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Dasharath Appa Pujari (Querist)
21 November 2012 Thanks Ajay.

The shares are listed one.
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Ajay Mishra

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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.
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Dasharath Appa Pujari

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Dasharath Appa Pujari (Querist)
21 November 2012 Dear Ajay,

Thanks for answer to first question.
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Ajay Mishra

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Ajay Mishra (Expert)
21 November 2012 Welcome Mr. Pujari.....
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