Transfer of Shares

This query is : Resolved 

22 November 2010 Can anyone tell me the Treatment of transfer of Shares from my Fathers D mat A/c to my account without paying STT.. Tell me all provisions attracting this question

22 November 2010 WHether gift or sale?

If gift then not taxable.

If sale then the sale will be treated as sale of unlisted shares only and Section 111A and exemption u/s 10(38) will not apply.


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