Best answer: How can I transfer shares from one person to another in Zerodha?

Can I transfer shares from one person to another person?

Stocks can be given to a recipient as a gift whereby the recipient benefits from any gains in the stock’s price. Gifting stock from an existing brokerage account involves an electronic transfer of the shares to the recipients’ brokerage account.

Can I transfer my shares to my wife?

You could gift the shares to your wife In this situation you do not have to pay any capital gains tax. This is because a gift to your spouse does not constitute a transfer as defined in the Income Tax Act and hence no capital gains tax is chargeable to the transaction.

What is charges for transfer of shares in Zerodha?

The charges to transfer shares in an off-market transaction are 0.03% of the transfer value or Rs. 25, whichever is higher, plus 18% GST. You (transferor of the shares) will also have to pay stamp duty at 0.015% on the consideration amount to CDSL on their platform.

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What is the cost of transferring shares to another person?

The present stamp duty rate for transfer of share is 25 paise for every one hundred rupees of the value of the share or part thereof. That means for shares valued Rs. 1,050, the stamp duty will be Rs. 2.75.

How do I transfer shares to a family member?

You can start the process online in your own brokerage account by opting to gift shares or securities you own; if you can’t find that option, contact your brokerage firm directly. If you want to gift a stock you don’t already own, you’ll have to purchase it in your account, then transfer it to the recipient.

How do I transfer shares online?

Online transfer of shares

  1. Step 1: Online transfer of shares through CDSL’s ‘Easiest’ facility and NSDL’s ‘Speed-e’ facility. …
  2. For NSDL – Visit this page > New User Registration > Speed-e>Register.
  3. For CSDL – Click here > Register for Easiest > Enter Demat details, OTP, account details (DP ID, Client ID, email id etc.

Can I transfer shares to my daughter?

When you transfer shares to your children, it will generally be considered as a gift for the purposes of inheritance tax. If the transferor (parent) dies within 7 years of making the transfer, the transferee (child) will be liable to pay inheritance tax.

Can I gift shares to my sister?

You must register a gift deed mentioning this i.e. the number of shares she is transferring to you it’s value as she won’t be paying any capital gain on same and you will have to show it in your income tax return as gift received and since you are receiving it from your own sister there won’t be any tax on same.

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Can I sell my shares to my friend?

Yes, you can!! Fill in a Delivery Instruction slip & connect the same with the broker. When the processes is done, shares from your friend’s account will be into yours!!

Can I have 2 demat accounts?

You can open multiple Demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one Demat account with the same DP.

How do I pay my Zerodha annual fee?

You can pay your AMC (annual maintenance charge) online by following the simple steps below:

  1. Click on this link: https://www.ilfsdp.com/eko-pay.asp.
  2. 2 . Choose the DP ID (IN300095) and enter your IL&FS Client ID (BOID).
  3. 3 . Outstanding DP charges — As per bill.
  4. 4 .

Does Zerodha charge monthly?

Does Zerodha have annual charges? Yes, Zerodha charge Rs 300 per year Demat Account AMC (Annual maintenance charges) fees. This fee is charged quarterly (i.e. Rs 75 every quarter). Except this Zerodha doesn’t have any annual charges or minimum balance requirements.

Can you transfer shares without selling?

What is an in-kind or ACAT transfer? An in-kind or ACAT transfer allows you to transfer your investments between brokers as is, meaning you don’t have to sell investments and transfer the cash proceeds — you can simply move your existing investments to the new broker.

How can I transfer shares in CDSL online?

Steps to transfer shares using CDSL Easiest

  1. Register for CDSL Easiest.
  2. Add Trusted account details. …
  3. Once the trusted account is set up, go to ‘Setup’ on the transaction section.
  4. Select Bulk Setup.
  5. Click on the Transaction tab.
  6. Enter the below details and Submit. …
  7. Click on verify to verify your request.
  8. Click on Commit.
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What is the procedure for share transfer?

How to Transfer Shares of a Private Limited Company

  1. Step 1: Obtain share transfer deed in the prescribed format.
  2. Step 2: Execute the share transfer deed duly signed by the Transferor and Transferee.
  3. Step 3: Stamp the share transfer deed as per the Indian Stamp Act and Stamp Duty Notification in force in the State.