Transposition of listed equity shares

Save Share

This query is : Resolved

Quick Summary

This discussion explores the tax implications of changing the order of names on a listed equity share certificate. The original poster wants to swap the primary and secondary holder positions between two brothers. A key suggestion is to consider structuring this change as a gift to potentially avoid tax liabilities. Further information on relevant tax rules is also sought.

mukesh nagpal

mukesh nagpal (Querist)
Follow

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