Whether it is transfer under cap gains

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pratibha Srimal (Querist)
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11 January 2012 I had shares in physical form in joint name of me and my husband name.I was First Holder and he is the Second holder.I opened a Joint Demat A/c and transferred the shares in it. Then I transferred the shares to my Individual A/c.What Tax implications would be there if sell those shares through Stock Exchange.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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15 January 2012 If you sell shares, and these if are held for more than 12 months, LTCG would arise, which is exempt from Tax.
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Transfer from 1 demat A/c to another Demat A/c will not be considered here. Your period of holding is calculated from the date when these shares have been purchased/ allotted to you.
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