Tax implications on shares
This query is : Resolved
31 July 2014
My Query is: The receiver may be Male/ Female in its Demat Account received some shares from his/her Father without any consideration. After 3 months he /she sold the shares. The receiver may or may not be the earning member odf the family.What will be the tax implication on the above transaction.Later if he / she transfers the sale proceeds to the father then again what will be the tax implications.
31 July 2014
there is no tax as its gift bet relatives u/s 56(2)
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