Tax implication

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Transferring shares between two portfolio manager demat accounts is generally not a taxable event as no sale has occurred. However, if your portfolio manager is showing these transfers as sales and booking capital gains, it's crucial to clarify this discrepancy. This might indicate a misunderstanding or an incorrect booking by the manager.

mehul parekh

mehul parekh (Querist)

11 March 2021 Dear sir,

i had transfer my share from my One Portolio manager demat account to My other portfolio manager demat account. is there any capital gain on short term holding .

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

12 March 2021 It's not a sale so no capital gains tax.

CA. Aditya Goel

CA. Aditya Goel (Expert)

12 March 2021 No Tax if nothing has been sold.

mehul parekh

mehul parekh (Querist)

12 March 2021 BUT MY CONCERN IS THAT
1. MY TRASFERRING PMS SHOWING THIS AS SELL AND BOOKED SHORT TERM AND LONG TERM CAP GAIN
2. SECOND SHOWING PURCHASE OF THAT TRANSFERED SHARE.

CA. Aditya Goel

CA. Aditya Goel (Expert)

12 March 2021 please call me at Nine 8 7 3 3 7 7 7 02

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