My Mother has some shares in her DP Account and she wants to sell those shares to me. What points do I need to keep in mind ?
Menu
Sale of shares by mother to son
Replies (1)
Some Points Need To Keep In Mind.
(1) When you sell from your mother account at a time you are buyer in equity terminal board.
(2) If investment Period below one year short term capital gain tax applicable.
(3) When you sell share from mother account then you have to give trade for pay in / pay out process to demat company.
But I suggest you one easy , safe and cheapest way.
Why you not take share as a gift from your mother ??
As per income tax law blood relation gift transaction is tax free and also you have not to pay any brokerage for any transaction. You just buy one rs. 50 stamp prepare a gift agreement between you and your mother. Than give trade to Demat company for transfer. This is best and safe and cheapest way as per my knowledge.
Sudip Raja
Financial Consultant
M. 9427721997
Recent Topics :
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
Related Topics :
CAclubindia
