Transfer of equity shares to original owner

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 

Replies (1)

A direct transfer from your cousin will trigger a heavy tax bill for you (on the full Rs. 10 lakhs). To save money, the "easiest" legal route is a tiered gift through a common relative (like your Uncle) who qualifies as a "relative" to both of you under the Tax Act.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details