your daily TOI offering -- courtsey seva kapasi
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your daily TOI offering -- courtsey seva kapasi
my dad owned shares in MSTC. they are valued at around rs 1 crore today. we did not know of the shares till we received accumulated dividend cheques from them. we have been trying to obtain the duplicate share certificates from MSTC for the last 2 years. MSTC has not outsourced its shares handling system (irony). their office if full of red tapism. we have actually written off the shares. anyway:
MSTC bags e-auction contract from Tirupati for selling jewellry & sourcing items
MSTC bags e-auction contract from Tirupati for selling jewellry & sourcing items
Guest- Guest
Re: your daily TOI offering -- courtsey seva kapasi
Hk,
if you have written off these shareson your it returns, you may have to pay a hefty tax when you sell them (full price will be considered capital gains) .
if you have written off these shareson your it returns, you may have to pay a hefty tax when you sell them (full price will be considered capital gains) .
truthbetold- Posts : 6799
Join date : 2011-06-07
Re: your daily TOI offering -- courtsey seva kapasi
well, they will not appear on the IT return till we get the duplicates and get them transferred in our name by MSTC. we have been unable to encash the dividends too. let me talk to my CA for i am in doubt now.truthbetold wrote:Hk,
if you have written off these shareson your it returns, you may have to pay a hefty tax when you sell them (full price will be considered capital gains) .
Guest- Guest
Re: your daily TOI offering -- courtsey seva kapasi
Let me know... I have a few shares from companies I dont even know still exist
Marathadi-Saamiyaar- Posts : 17675
Join date : 2011-04-30
Age : 110
Re: your daily TOI offering -- courtsey seva kapasi
i spoke to my CA. in my case the shares were owned by my father. he said,Marathadi-Saamiyaar wrote:Let me know... I have a few shares from companies I dont even know still exist
(i) they can be introduced in our (us siblings) files at any time;
(ii) proof will be required to show that they appeared in my late father's IT file also;
(iii) since my father's IT files are no longer available with us and since more than 8 years have passed since his demise (thus not even available with the IT dept.), (ii) can be waived on grounds of limitation.
Guest- Guest
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