Capital gain tax

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Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2014 Dear Sir, my 2-sisters have demat account jointly and holding shares of few listed companies for more than 5-years. Now, one of my sisters have opened new demat account & transferred some shares from earlier joint demat account to this new demat account. She wants to sell the shares from this new demat account to get consideration amount in her bank account. Whether she is liable to pay any CG tax?

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
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08 February 2014 no, just ensure that you have paid STT and transaction is carried on recognized stock exchange

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