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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Transfer of shares by way of family arrangement would not ...


Family Share Transfers Avoid Capital Gains Tax, Seen as Wise Move to Avert Disputes, No Fraud Involved.

April 3, 2015

Case Laws     Income Tax     AT

Transfer of shares by way of family arrangement would not attract capital gains tax, as the same was a prudent arrangement to avoid possible litigation among the family members and was made voluntarily and not induced by any fraud or coercion and therefore, could not be doubted. - AT

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