Hi All,
I would like to have clear idea regarding the below mentioned issue.
I have bought some shares of a particular company in Feb'09 through my friends account and now they are @ a very nice price and i would like to sell them, but i heard from others that if i hold on my shares for another 4 months i.e., till feb'10,i need not have to pay any kind of taxes for those shares if i sell them. Is it true ? If so can anyone explain me the reason ?
If i want to transfer my shares which my friend is holding in his account since feb'09, what is the procedure for that and what wil be the best time to do so in order to escape from some charges?
I would like to have clear idea regarding the below mentioned issue.
I have bought some shares of a particular company in Feb'09 through my friends account and now they are @ a very nice price and i would like to sell them, but i heard from others that if i hold on my shares for another 4 months i.e., till feb'10,i need not have to pay any kind of taxes for those shares if i sell them. Is it true ? If so can anyone explain me the reason ?
If i want to transfer my shares which my friend is holding in his account since feb'09, what is the procedure for that and what wil be the best time to do so in order to escape from some charges?
