Withdrawing from joint holding

M. Sreehari (Retired Professor) (77 Points)

13 March 2017  

I have two demat a/cs with my son-one in which he is the second holder and the other with me as the second holder. Since he is now abroad getting his signature on DIS has become difficult. I have opened a new demat a/c and trading a/c with him as nominee. If we transfer the shares from the two joint demat a/cs to my new demat a/c what will be the tax implications ?