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Transfer of shares from son to mother

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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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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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