Tuesday, June 18, 2019

Holding period of shares transfer by NDTV’s promoter from self to joint DEMAT A/c reckoned from date of transfer

Income-tax : Where assessee, Director of NDTV Ltd., along with her husband had transferred shares of NDTV from their individual demat accounts to their Joint Demat account, and after almost three months, sold said shares and claimed it to be a long term capital asset considering period of holding as date of acquisition in their individual demat accounts and also claimed cost of acquisition as incurred by them in their individual demat accounts to compute long-term capital gain, since assessee ha

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000188747/holding-period-of-shares-transfer-by-ndtv’s-promoter-from-self-to-joint-demat-ac-reckoned-from-date-of-transfer.aspx

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