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SEBI EASES SECURITIES TRANSFER, INTRODUCES TLH CODE

  • NEWS Desk Global
  • Sep 19
  • 1 min read

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Markets regulator Sebi on Friday announced a simplified framework for transferring securities from a nominee to the legal heir, aimed at reducing unnecessary tax and compliance hassles.

Under the current system, such transfers were sometimes treated as “sales” and assessed for capital gains tax, even though Section 47(iii) of the Income Tax Act, 1961, exempts them. Nominees could claim refunds later, but this process often caused delays and inconvenience.

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