CONSEQUANCES OF TRANSFER DEMATE FROM ONE BANK TO ANOTHER
This query is : Resolved
21 August 2024
my demat account was with Citi bank and Citi bank migrated in to Axis bank on july 2024
my demat a/c automatically converted to Axis demat account now if I sell my shared ,it is consider as short term capital gain with profit while I purchased shares in 2015 and it is LTCG with loss
I talked with Bank but they are clueless.
can anyone guide me please??
Thanks in Advance
my demat a/c automatically converted to Axis demat account now if I sell my shared ,it is consider as short term capital gain with profit while I purchased shares in 2015 and it is LTCG with loss
I talked with Bank but they are clueless.
can anyone guide me please??
Thanks in Advance
22 August 2024
No. It will be LT holding only, as you have not sold the shares. It is just the change of IFSC code of the same Demat account.
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22 August 2024
if AIS shows it STCG as new broker don't c/f original date of purchase..
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22 August 2024
At the time of sale of these securities, the broker will report it as CG, which you can accept or file feedback, based on your records.
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