banner_ad

Whether it is transfer under cap gains

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 January 2012 I had shares in physical form in joint name of me and my husband name.I was First Holder and he is the Second holder.I opened a Joint Demat A/c and transferred the shares in it. Then I transferred the shares to my Individual A/c.What Tax implications would be there if sell those shares through Stock Exchange.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
15 January 2012 If you sell shares, and these if are held for more than 12 months, LTCG would arise, which is exempt from Tax.
.
Transfer from 1 demat A/c to another Demat A/c will not be considered here. Your period of holding is calculated from the date when these shares have been purchased/ allotted to you.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details