Dear Experts, what are the tax implications on offline transfer of shares by daughter from her demat account to her father's demat account without consideration.
1. Tax implications in the hands of daughter.
2. Tax implications in the hands of the father.
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Offline Transfer of Shares
Replies (3)
Quick Summary
1 Nil if gifted.
2. No tax liability till sold.
@ Dhirajlal rambhia sir ,one of my friend having TIS report shows GST turnover rs 589000 ,and interest income 600 and GST purchases
in previous years he declared 16% of his turnover
how to show in ITR ??
in previous years he declared 16% of his turnover
how to show in ITR ??
around 20 %.
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