SEBI has introduced a simplified framework for transferring securities from a nominee to a legal heir, aiming to reduce tax and compliance burdens. A new reporting code, ‘TLH,’ will be implemented from January 1, 2026, ensuring these transfers are correctly reported and not taxed as capital gains. This move streamlines the asset transition process, benefiting legal heirs. Post navigation US market today: Wall Street heads for record-setting week; S&P, Nasdaq rise IATA presents key proposals on aviation safety sustainability and efficiency at ICAO assembly
