Transfer of shares from son to mother
This query is : Resolved
06 January 2024
I am a salaried employee having around Rs.3 Lakh gain in capital gain of long term. Therefore I want to transfer shares from my demat to mothers demat and sell the holdings from her account. So what documentation will be required for transferring the share? Will I have to prepare Gift Deed or not?? And in whose hand long term capital gain tax will arose?
07 January 2024
No documents required keep the copy of transfer form. Capital gains tax arise to your mother on sale of share.
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