X transferred shares to Mr. Y on 20.3.2020. The shares certificate was delivered to Y on the same day. However, the company registered them on 4.4.2020 the capital gains will pertain to:
A. PY 2018-19
B. PY 2019-20
C. PY 2020-21
D. Either (b) or (c)
Answer:B
X transferred shares to Mr. Y on 20.3.2020. The shares certificate was delivered to Y on the same day. However, the company registered them on 4.4.2020 the capital gains will pertain to:
A. PY 2018-19 B. PY 2019-20 C. PY 2020-21 D. Either (b) or (c)