Sir, I have Shares of BOB . I have transfer shares to son account . sale Value shwon my AIS account.is it taxable how to clculate taxable amount
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Quick Summary
This discussion clarifies the tax implications of transferring shares to a son's account via an off-market sale. The sale value recorded in your AIS account, even if it's an off-market debit transaction, is considered taxable. You'll need to calculate capital gains based on the market value of the shares on the date of the transfer.