Sir
In connection to captioned kindly guide me for following case
In case a director / promoter of a company transfers his shares to related party or concern at market rate which are of short term in nature, in block deal then what is its taxability?
Further is it mandatory to transfer shares in block deal via share terminal of recognised stock exchange or it can be validly transferred offline to be eligible for block deal?
Will taxability changes if the shares have been trasferred to a related party which is out of purview of take over code?
Further what is the taxability if the said transferee sells the acquired shares in normal market or in block deal?
