Hi Zerodha,
I have a question about shares which my mother owns since more than 5 years.
Now to sell the shares is there a 20% capital gains tax if i transfer the shares in my name and sell within 2 years? If yes, then selling the shares by opening a demat account in my mothers name wud help me avoid the tax?
Thanks in advance.
I have a question about shares which my mother owns since more than 5 years.
Now to sell the shares is there a 20% capital gains tax if i transfer the shares in my name and sell within 2 years? If yes, then selling the shares by opening a demat account in my mothers name wud help me avoid the tax?
Thanks in advance.