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Tax on Transfer of Listed Shares
What are the tax implications on transferor and transferee on transfer of listed shares without any consideration to Non relative.
Replies (5)
Taxability for transferor -
Taxable as capital Gains (w/o indexation)
chargeable u/s 112A @ 10% (LTCG) or 111A @ 15% (STCG)
Taxability for Transferee -
Taxable as Gift u/s 56(2)(x) if FMV of shares > 50,000
Taxable as capital Gains (w/o indexation)
chargeable u/s 112A @ 10% (LTCG) or 111A @ 15% (STCG)
Taxability for Transferee -
Taxable as Gift u/s 56(2)(x) if FMV of shares > 50,000
For STCG shares u/s 112A @ 10% and for LTCG @ 15% u/s 111A Upto 100000 rupees is exempt
Sourav
LTCG is 112A @ 10% (1,00,000 exempt)
and STCG is 111A @ 15%
LTCG is 112A @ 10% (1,00,000 exempt)
and STCG is 111A @ 15%
Thank You Everyone.
Yes you're correct Ajinkya, It's a typing mistake
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