Hi All
My query is if a NRI husband transfer some of his share held in Indian private Company to his wife who is also a NRI as gift, then will he be liable to pay capital gain tax on it or not. Please provide some notification, ruling of the department in this behalf if possible.
Thanks
Hi
Correct me if i am wrong that STT is possible if shares are held in demat form and dealt in share market but here the question is of shares of private company held in physical form.
Pls clarify how the STT will be deducted automatically.
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