Physical transfer of share from children to parent
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2012
If shares of listed company are transferred in physical form
Child + Parent (Joint Holding)
to
Parend (Single Holding)
(i) Whether it is compulsory to transfer funds equivalent to transfer value from child's bank account to parent's account?
(ii) What are the tax implications?
Child + Parent (Joint Holding)
to
Parend (Single Holding)
(i) Whether it is compulsory to transfer funds equivalent to transfer value from child's bank account to parent's account?
(ii) What are the tax implications?
28 August 2012
1. Transfer of fund is not required,
2. no tax implication
2. no tax implication
28 August 2012
1. Transfer of fund is not required,
2. no tax implication
2. no tax implication
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- REGARDING GST ON COMMERICIAL PROPERTY
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- GST rate for millets.
- GST Annual Returns filing due date
- Residential status for filling income tax returns in India
- Donation Receipt u/s 80G
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
