Transfer Of Shares
This query is : Resolved
20 May 2008
My friend holds few shares of a company and he wants it to be transferred to his brother.
What will be his tax liability assuming that he has both short term and long term shares.
Please help.
What will be his tax liability assuming that he has both short term and long term shares.
Please help.
S.Srinivasaraghavan
(Expert)
20 May 2008
You have not mentioned the type of the company, type of shares, mode of transfer etc.
Manish Agarwal
(Expert)
20 May 2008
If the shares are transferred otherwise than through the stock exchange, then capital gain tax will be the normal slab based tax rate for short term shares and 10%(without indexation benefit) or 20%(with indexation benefit), at the option of the assessee, for long term shares.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- Gift to nri relatives residing in usa
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
