Dear Sir / Madam,
What is taxability of shares, Bonds transferred to nominee in the event of death of Actual shareholders? Which section of income tax is to be referred kindly confirm?
Waiting for Response of experts. Thanks in advance.
Menu
Transmission of Shares
Replies (3)
Refer sec.48,49,55(2) and definition of 'transfer' u/s 2(47)
| Originally posted by : Venkatramana Shastry C | ||
 |
Refer sec.48,49,55(2) and definition of 'transfer' u/s 2(47) |  |
Dear Shastry G
Kindly give context of the above provision as you mentioned for better understanding.
Sec48- Refer as to the method of computing capital gains
Sec 49- Refer 49(2A) for cost of acquisition of shares/bond to be read along with clause (x) and (xi) of Sec. 2(47)
Sec 55(2)- Refer 55(2)(ac) regarding C.o.A w.r.t sec.48and 49.
Recent Threads
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
Related Threads
CAclubindia
