Shares

Dear Ratheesh, is in that account any profit arised out of trading ? Whether the activity is trading or investing..if it is investing activity where he hold shares more than 12 months..then there is no capital gain will attract and you can simply treated as a capital receipt.

Dear Sir, 

Thanks for reply, my query is what is the entry will so his monthr's books of account beacsue he is expire.

Thanks & Regards

Rateesh

Debit - Bank Account

Credit - Her Capital or Current Account

Entry will know what type of income will show her books of accounts.

Thanks & Regards

Rateesh

Dear Rateesh, In her account it will not treat as income and it will be treated as capital receipt, so that is the reason we are passing the entry.  The receipt is only a capital nature.

OK SIR THANKS

THANKS & REGARDS

RATEESH