To avoid defaults like Karvy and Anugraha I am maintaining 2 Demat Acounts one with the broker and another with a bank.
When I transfer shares from bank's demat to brokers demat account and sell them it shows (0) zero purchase price causing higher capital gain resulting in higher capital gain tax. How to resolve this problem. Please guide. TIA
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Capital Gain Computation?
Replies (4)
Quick Summary
When you transfer shares to broker's account, broker's app page gives you option to edit purchase prize (of course after login). You can easily input your cost there.
Mr Rambhia don't transfer online I give transfer slip to the bank.
You give transfer slip tp bank, & bank transfer the shares to broker's account. Broker's account record it to ZERO, which you should be able to EDIT. Or ask broker to edit the value as your original cost.
Whenever possible, use the same Demat account for buying and selling shares to avoid transfer issues.
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