Tax on transfer of equity shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2012
My brother wants to transfer his equity shares to me valuing approx Rs 5 lacs, as he remains out of town mostly...Can this transfer be effected through a Gift Deed, if not, what is the procedure..
So
1. If there is STCG in those shares, who will have to bear the tax liability.
2. If i do intra day transactions against those shares, who will have to bear the tax liability..
Thanking you in advance..
So
1. If there is STCG in those shares, who will have to bear the tax liability.
2. If i do intra day transactions against those shares, who will have to bear the tax liability..
Thanking you in advance..
09 October 2012
01. STCG is to be borne by the transferor unless otherwise it is specifically agreed upon to the contrary. 02. The intraday transactions are done through 'trading account' The gain/loss shall accrue to the holder of this 'trading account'
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
- Post Office RD Interest
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR 1: Details for showing Exempt Income
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
