I do stock trading. And I get limit from my Bank against shares, which I can use for trading.
Question - I have a relative (not first relation) who is willing to transfer shares for short term. And I want to use his shares to get limit, and then return those shares after 4 to 6 months. Would there by any tax implication because of transfer of shares to my account.
Is there any way, I can transfer or get the limit for his shares on my name.