01 September 2013
Dear Sir, I Mr.Paresh Doshi want to know that, I have received shares from my father as gift due to my father is dead.
I want to know that short term/long term capital gain arise on holding of shares if i will transfer to my accout. recently the share is on my fathers name.
Any Income on dividend is taxable for me? Any short term or long term capital gain applicable for liability of tax.
01 September 2013
Dear paresh, gift received from father is not taxable. Further your holding period of share will start from the day when your father purchased share and if it is more than 12 month than only long term dividend income shall be exempt, no need to worry, you just apply in company for transmission
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