What will be the Tax implication when
Both Old and new
The Shares in the Old
Menu
Taxation on Transfer of shares to another Demat Account
Replies (3)
To attract capital gain there must be transfer and transferee and ownership should change.
Mere transferring from one demat account to another demat account doesn't amount to transfer.
It doesn't not loose the capital asset status
Mere transferring from one demat account to another demat account doesn't amount to transfer.
It doesn't not loose the capital asset status
You are not doing anything except changing from one pocket to another pocket (demat Account).
Status of shares doesn't change Mr Amit
Status of shares doesn't change Mr Amit
Even tranfer to own dmat is reflecting in AIS, if we will not reflect in ITR, then IT department will surely send notice (which is ideally wrong) then unnecessarily litigation would increase.
Recent Threads
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
Related Threads
CAclubindia
