Share transfer value

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j.b.sheth

j.b.sheth (Querist)
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24 May 2012 At what price can a member(huf) of the pvt. ltd. company transfer his shares to the director(karta of the said huf) of the company?
In case it is transferred at face value than how will the HUF recognise its loss? will that be allowable under Income tax?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 May 2012 The shares can be transferred at any price mutually agreed upon by the parties.

If the sale price is less than the cost of acquisition then the HUF can claim the loss arising on such transfer.

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