Transfer of beneficial interest in securities - (New) Section 67(7) / (Old) Section 45(2A)

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.... has a beneficial interest in securities at any time during the tax year; and • profits or gains arise from a transfer executed by a depository or participant in respect of such securities. Taxability in Hands of Beneficial Owner - Clause (a) The profit or gain is taxable in the hands of the beneficial owner, not the depository. • Income is taxed in the tax year in ....

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.... first-in-first-out method. Under Section 45(2A) of the Income Tax Act, 1961 [ Upto 31.03.2026 ] • Where any person has had at any time during previous year any beneficial interest in any securities, then, any profits or gains arising from transfer made by the depository or participant of such beneficial interest in respect of securities shall be chargeable to income-tax as th....

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....ed by the registered holder. • The seller is entitled  to received the consideration agreed to as on the date of contract.  • Thus it is the date of broker 's note that should be treated as the the date of transfer in case of sale transaction of securities provided such transaction of securities provided such transaction are followed up by delivery of share ....