Transposition of listed equity shares
This query is : Resolved
Quick Summary
mukesh nagpal
(Querist)
14 January 2020
we would like to change the order of names in the listed equity share certificate. first holder is A and second holder is B. we would like to make B the first holder and A the second holder. Can anyone tell me whether there will be any income tax or capital gains on the above transaction. In which book can we find the tax rules for the above transaction. thanking you all. please reply
Amol S Joglekar
(Expert)
15 January 2020
What is the relation between A and B in your example?
mukesh nagpal
(Querist)
15 January 2020
A and B are brothers
Amol S Joglekar
(Expert)
15 January 2020
better if you do this under Gift. So that it does not attract tax
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
- Gst credit note by supplier
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Missed uploading GST Invoice
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
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
