Transfer Of Shares

This query is : Resolved

Padmanabhan Krishnasankar (Querist)
Follow

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.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

20 May 2008 You have not mentioned the type of the company, type of shares, mode of transfer etc.

Manish Agarwal

Manish Agarwal (Expert)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Shubham Jain

Sanjay Ratnani

Anirudh Sharma

6380177036

Chnmaya parhi

Subscribe Now

Transfer Of Shares

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

CA Final

GST CONSULTANCY

GST CONSULTANT

Accountant