what will be tax implication on LENDER of demated share if he transfers the shares in another persons demat for 1 day. the share will be transferred to lender’s demat next day by the borrower. no money transaction involved except demat charges.
(1) off market sale (2) gift (3) loan (4) anything else
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As guided by a CA friend it is a off market non stt paid sale of share and purchase both.money transaction may not involve being friendly deal .
please share your views .