It is understood that if an individual B receives shares through transfer of shares from a relative A (by way of transfer from one demat account to another), say as a gift, then Capital Gains liability on such shares shall arise only if and when they are sold by the recipient B and the date of purchase by original holder A shall be considered as the date of purchase for the purpose of caculating period of holding.
However, in case this individual B who has originally received these shares through transfer, decides to transfer them further to the original holder A / other holder C, what shall be the capital gains liability of B ir C, arising from such retransfer.
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