My Late mother was primary Holder in 500 Equity Share bought in 1994 , now valued around more than Rs 10 lakhs
My cousin brother [uncle's son] is second holder ( Name included as for safety sake in Physical share certificate in 1994 )
My mother expired in 2017..
now my cousin brother gets hold of all shares..after transmission /name deletion of first holder [My Mother]
my cousin brother wants to give shares to me a ( as it belongs to my mother ) ..
easiest way is to do off-line transfer from his DP to My DP
but
will this attract
Long term capital tax ??
so suggest easiest way to do this translaction ..so we save money ..be it in form of capital gains or STT ,or any other such
CAclubindia
