ilmscore | Zero tax for nominee on inheritance of shares

Zero tax for nominee on inheritance of shares

Published: 2025-10-01
Status: Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Prediction
Topic
Status
The new SEBI rule for securities transfer to legal heirs will become effective on January 1, 2026.
"This role will be effective from 1st January 2026."
SEBI Rule Implementation
Pending
Under the new SEBI rule, nominees will not be required to pay capital gains tax on the transfer of securities to legal heirs, eliminating refund claim hassles.
"There is no capital gains tax to be paid and hence there is no hassle of refund claims as the nominee is just a trustee."
Capital Gains Tax
Pending
Brokers or depositories will automatically report securities transfers from nominees to legal heirs to the Income Tax using the TLH code, making manual reporting by nominees unnecessary.
"Now, whenever securities are transferred from the nominee to the legal heir, the broker or depository will report this transaction to the Income Tax using the TLH code. The nominee will not have to report anything manually. Everything will become automatic."
Securities Transfer Reporting
Pending
A new SEBI rule will eliminate capital gains tax for nominees on transferred securities.
"SEBI's new game changing rule has come which will save nominees from tax."
SEBI Regulation
Pending
Brokers or depositories will automatically report security transfers from nominees to legal heirs to the Income Tax department using the TLH code.
"Now, whenever securities are transferred from the nominee to the legal heir, the broker or depository will report this transaction to the Income Tax using the TLH code."
Tax Reporting Automation
Pending
Nominees will no longer be required to manually report security transfer transactions for tax purposes.
"The nominee will not have to report anything manually."
Nominee Tax Obligations
Pending
The entire process related to reporting and taxation of transferred securities will become fully automated.
"Everything will become automatic."
Tax Process Automation
Pending
Nominees will not be subject to capital gains tax on transferred securities and will not need to claim tax refunds.
"There is no capital gains tax to be paid and hence there is no hassle of refund claims as the nominee is just a trustee."
Capital Gains Tax Exemption
Pending
The new SEBI rule regarding nominee tax exemption will become effective on January 1, 2026.
"This role will be effective from 1st January 2026."
SEBI Rule Implementation Date
Pending
Capital gains tax will still be applicable when shares or securities are legally sold or transferred by the owner.
"But please note that when you sell or transfer any shares or securities legally, then tax will have to be paid."
Tax on Sale of Securities
Pending