Hi,
I have few query with regard to LTCG:
1. What will be the impact of LTCG if stock in trade (consisting of shares) is converted into investment? Will the grandfathering impact can be considered or not?
2. How about the taxation of capital gain on gift of shares? Will the capital gain on this transaction attract section 112A? As 112A mentions securities transaction tax been paid on acquisition and transfer of such capital asset?
CAclubindia
