Transfer of shares


Members ....i need to transfer shares in my fathers demat account....if my demat a.c is under joint name...does my father also needs to be in joint.....is der any tax i need to.pay as all shares are 5-6 yrs old....i will be creating a gift deed of amounting to rs 5lakhs.....
 
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FIN

Is your father alive!

 
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Advocate

yes, you can transfer shares to your father as gift. Gift can be given to the living person only.

Recepient of gift from blood relation neednot pay any tax on the value of gift received. You need to transfer gift of shares as per his demat account name.

 

Regards

Adv. Rohit M. Dalmia

9324538481

 
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Yes very much alive....i Hve some legal issues with my wife so i dnt wanna keep anythin in my name till d matter gets solved....
 
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FIN

In such cases outright sale of estate is suggested.

Rest your own counsel well versed with finer nuances of the matters can advise you the best.

 

 

 
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