Taxation on shares transferred from one demat a/c to another
This query is : Resolved
21 September 2015
I bought 100 shares of Infosys in Jan-2010 and another 100 shares in Jan-2011. Both of the above are in Demat Account A. I opened a new Demat Account B with another DP and transferred 50 Shares into this account from Account A in Jan-2015. In Mar-2015 I bought additional 50 Shares in Account B. Now, what will be the tax implication when I sell all the 100 Shares in Account B? (All shares above are for the same company)
Amol S Joglekar
(Expert)
29 September 2015
you have the option of choosing FIFO method while the sales is effected.
The period of holding would be inclusive of earlier D mat account.
The period of holding would be inclusive of earlier D mat account.
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