STCG/LTCG On sale pf Shares? -Urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2011
My father purchased shares of few companies around 1978-79.
Just opened a D-mat account.
Kindly explain the procedure for transferring shares in to D-mat account.
If shares are sold within a month after transferring in to D-mat,what will be the nature of Capital Gain?
Just opened a D-mat account.
Kindly explain the procedure for transferring shares in to D-mat account.
If shares are sold within a month after transferring in to D-mat,what will be the nature of Capital Gain?
05 June 2011
Contact your Dmat a/c agency. They will give a form for dematerialisation of securities which will have to be filled by you and submitted to the agency with physical shares. Your shares will be dematerialised in few days.
Date of dmat does not affect the status of long term holding of shares. In your case sale of shares within one month of transfer to dmat a/c will also result in long term capital gain.
Date of dmat does not affect the status of long term holding of shares. In your case sale of shares within one month of transfer to dmat a/c will also result in long term capital gain.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- TDS Claim year
- Supply through E-commerce Operators
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Agriculture income or business income
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
