shares worth 2 crore have been transferred from my parents (mother) demat a/c to mine. as i understand this is tax exempt as it is from parent to son. will there be a problem if i don't show it in my returns?
3 Replies
Kapadia Pravin
(17264 Points)
Replied 28 August 2019
This is exempted gift in the form of shares. It is not to be shown in Return
Lino Abraham
(4 Points)
Replied 28 August 2019
It's a exempted income..Not required to be shown in ITR but try to show in computation for your future reference
Shivam RC
(Student)
(23683 Points)
Replied 28 August 2019
Not required to show such transaction in your ITR.
Transfer of Shares from Parents to Children is an EXEMPTED Transfer.
Transfer of Shares from Parents to Children is an EXEMPTED Transfer.
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