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Shares transferred or selling benefit in it act

This query is : Resolved 
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(Querist)
08 April 2022 Sir,
It assessee purchase of some shares previous last 7 years .if assessess shares transferred to son or sales of shares benefit in it act.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 April 2022 Transferred to son considered as gift no tax payable.
In case of sale 10% long term capital gains tax payable in case holding more than one year.
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CA Puja Sharma

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CA Puja Sharma (Expert)
08 April 2022 There will be long-term capital gain since the shares are held for more than a year.
When you will transfer the shares to your son there won't be any capital gain because this type of transfer is exempted under the Income Tax Act, 1961
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