Comment on Taxation for Investors

Nithin Kamath commented on 04 Mar 2016, 09:38 AM

Hey Shri, my bad. Have corrected the post.
Note that a gift from a relative through DIS slip is not considered as a transaction and hence not capital gain. It is important that gift not be treated as transfer, and relative could be (i) spouse of the individual (ii) brother or sister of the individual (iii) brother or sister of the spouse of the individual(iv) brother or sister of either of the parents of the individual (v) any lineal ascendant or descendant of the individual(vi) any lineal ascendant or descendant of the spouse of the individual (vii) spouse of the person referred to in clauses (ii) to (vi)

3. If it is a transfer, it is a transaction and hence capital gain will apply. You need to show this as a gift, and yes physical demat certificates can be transferred between relatives.
4. Original holding period will continue

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