Situations:-
1) Mrs. X (date of marriage 07/12/2009) transferred following shares on 08/12/2009 to Mrs A (mother), without consideration, in D-mat form…
|
Scrip |
Purchase Details |
MPS as on 08/12/2009 |
||
|
|
Date |
Amt |
|
|
|
A Ltd |
15/02/2008 |
3000 |
8000 |
|
|
B Ltd |
27/04/2008 |
7000 |
12000 |
|
|
C Ltd |
15/07/2007 |
4000 |
20000 |
|
|
TOTAL |
14000 |
40000 |
||
2) Mrs A (mother) further sold shares of A Ltd on 15/03/2010 at gross amount 20000/-
Qus :-
Situation 1:---- 1) Type & Amount of gain / loss arised (if any) …..
2) Is the transfer is taxable in the hands of Mrs. A…..
3) Accounting entries for both side…..
Situation 2:---- Type / Amount of capital gain earned by Mrs. A ….
(Please specify section / provisions / case law / notifications / circulars (if any) in this regard…)
Regards…
Mohit Kr. Pathak
CAclubindia
