capital gain
This query is : Resolved
yogesh vijaykumar shah
(Querist)
07 February 2011
If a individual say 'X' holda shares of A Co Ltd. Now Shareholder 'X' decided to add his wife's name as a joint name.i.e. subsequently, there is joint shareholder i.e. X and Y of A Co Ltd. In such case whether this trasaction falls under transfer. also let me know that whether the capital gain attracts or not if yest under which section.
CA Jeen paul
(Expert)
07 February 2011
this transaction is exempt u/s 47(iii) being gift
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