Any Tax Liability by transferring shares to demat account ?

POSTED BY mundhada ON February 6, 2014 9:58 am COMMENTS (2)

Hi

My Parents had join ownership of some shares bought in 1990s ( my mother was 1st holder and father 2nd holder ). Is there any tax implication if the shares are transferred into my mother’s DMAT account ( individual account ) by giving  off-market instruction to my DP

2 replies on this article “Any Tax Liability by transferring shares to demat account ?”

  1. ashalanshu says:
    February 6, 2014 at 9:40 pm

    Dear Mundhada, no tax implication ‘ll be there as the first holder name is of your mother.

    Thanks

    Ashal

    Reply
    1. mundhada says:
      February 7, 2014 at 11:38 am

      Thanks Ashal for the response

      Reply

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