Hello Sir
Need an expert opinion please
I am a NRI.
My question is about Gifting the shares from our DEMAT acct to HUF acct.
I understand that the gift from Karta & Co parceners are tax exempt and there is no limit to that (correct me if I am incorrect please)
I want to know, whether the Capital gains Profit that the HUF will make following the gift via off market transfer of shares without consideration, from the kartas DEMAT shares to HUF DEMAT will be clubbed to the Karta or Not please.
Your response would be greatly appreciated 🙏 🙏 🙏
Regards
Dr Seetharaman
CAclubindia
