Transfer of shares in cooperative society

21 October 2021

What are the provisions regarding transfer of shares in cooperative society?

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Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 21 October 2021

You need to serve a notice to the society Committee.
The transfer fees shall have been paid
society has to issue noc for transfer of shares

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ajay sawlani (21 Points)
Replied 21 October 2021

Sorry I forget to mention,i have a doubt regarding taxability(Income tax)?

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 21 October 2021

No income tax on transfer of shares
for property sold and transferred, capital gains tax is attracted

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