Ostroff, Fair and Company
*Ostroff, Fair and Company>>>India Taxes

I own shares of some companies bought in 1994. I became an NRI in 1995. I can't sell them as I do need?


Demat Account. My brother still lives in
India as an Indian Citizen.

I am just wondering of a procedure to transfer the shares to him. what is
going to be any tarnsactional fee or any other any tax obligations?

These days, the purchase and sale of shares very easy. Ask your brother to bring out forms of opening accounts with online brokers.You open a demat account, register with the ICICIDirect.com or other online brokerage firm like Sharekhan.com. Sell it very conveniently.The money will be credited in your bank account.

If the share is long term, presently tax is NIl.
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