Menu
shares recd as gift,
Shares gifted by my father, i wants to buy residential flat,the whole amount of shares sold , i wants to make payment to seller of flat, is it attracts any income tax liabilities ?
Replies (3)
If the shares sold after 1st April, 2018 (assuming holding period more than 12 months); capital gains liability arises, provided LTCG as after grandfathering is more than 1 lakh.
LTCG taxed at flat 10%.
If I make a whole payment , received from selling of shares to purchase a residential homes, any tax liability
Yes, subject to fulfillment of conditions specified u/s. 54F of IT act.
Recent Topics :
Related Topics :
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
