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
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