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Offline Transfer of Shares

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Practice
1361 Points Posted on 27 June 2024
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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On 27 June 2024 at 21:39 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 27 June 2024

1 Nil if gifted.

2.  No tax liability till sold.

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On 27 June 2024 at 21:58
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3145 Points Posted on 28 June 2024
@ 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 ??
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On 28 June 2024 at 07:24
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SEO Sai Gr. Hosp.
211715 Points Posted on 28 June 2024

around 20 %.                   

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On 28 June 2024 at 08:49


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