Suppose There is 2 Demat Account
1) DP1 -- Linked With PAN-1
1) DP2 -- Linked With PAN-2
Now Please consider 4 cases.
Case1:
Share is bought in DP1 in Rs1000. After sometime it is transferred to DP2. At this time the value of share is 1500.
Then After sometime the share is sold from DP2 in Rs2000.
So which Person will pay the tax and how much. i.e. PAN1 or PAN2
Case2:
Share is bought in DP1 in Rs1000. After sometime it is transferred to DP2. At this time the value of share is 1500.
Then After sometime the share is sold from DP2 in Rs1200.
So which Person will pay the tax and how much.i.e. PAN1 or PAN2
Case3:
Share is bought in DP1 in Rs1000. After sometime it is transferred to DP2. At this time the value of share is 800.
Then After sometime the share is sold from DP2 in Rs400.
So which Person will pay the tax and how much.i.e. PAN1 or PAN2
Case4:
Share is bought in DP1 in Rs1000. After sometime it is transferred to DP2. At this time the value of share is 800.
Then After sometime the share is sold from DP2 in Rs1200.
So which Person will pay the tax and how much.i.e. PAN1 or PAN2
Please guide me in this matter case by case.
Thankx
Gautam
1) DP1 -- Linked With PAN-1
1) DP2 -- Linked With PAN-2
Now Please consider 4 cases.
Case1:
Share is bought in DP1 in Rs1000. After sometime it is transferred to DP2. At this time the value of share is 1500.
Then After sometime the share is sold from DP2 in Rs2000.
So which Person will pay the tax and how much. i.e. PAN1 or PAN2
Case2:
Share is bought in DP1 in Rs1000. After sometime it is transferred to DP2. At this time the value of share is 1500.
Then After sometime the share is sold from DP2 in Rs1200.
So which Person will pay the tax and how much.i.e. PAN1 or PAN2
Case3:
Share is bought in DP1 in Rs1000. After sometime it is transferred to DP2. At this time the value of share is 800.
Then After sometime the share is sold from DP2 in Rs400.
So which Person will pay the tax and how much.i.e. PAN1 or PAN2
Case4:
Share is bought in DP1 in Rs1000. After sometime it is transferred to DP2. At this time the value of share is 800.
Then After sometime the share is sold from DP2 in Rs1200.
So which Person will pay the tax and how much.i.e. PAN1 or PAN2
Please guide me in this matter case by case.
Thankx
Gautam