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Sejal Kumar Jain (Assistant Manager - Finance)     15 June 2021

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.


 5 Replies

Ajinkya Joshi

Ajinkya Joshi   16 June 2021

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
Sourav

Sourav (Student)     16 June 2021

For STCG shares u/s 112A @ 10% and for LTCG @ 15% u/s 111A Upto 100000 rupees is exempt
Ajinkya Joshi

Ajinkya Joshi   16 June 2021

Sourav
LTCG is 112A @ 10% (1,00,000 exempt)
and STCG is 111A @ 15%
Sejal Kumar Jain

Sejal Kumar Jain (Assistant Manager - Finance)     16 June 2021

Thank You Everyone.
1 Like
Sourav

Sourav (Student)     16 June 2021

Yes you're correct Ajinkya, It's a typing mistake
1 Like

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