How to gift shares

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Last Comment 2024-05-24

int86

2024-05-23

I have my account in sharekhan and my wife's account is in Zerodha

Is this possible online way.

I want to gift to minimize income tax.

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https://www.desidime.com/comments/permalink/10094984

Desidime User

2024-05-23

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Directly buy in her account?

Transfer using Easiest

https://www.desidime.com/comments/permalink/10095032

int86

2024-05-23

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I have the shares, if I sell, I will need to pay income tax.

will it be possible through Easiest for Sharkhan to Zerodha [different PAN here]

https://www.desidime.com/comments/permalink/10095212

Agni007

2024-05-23

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You're tending to do an "out of market" txn, either with DIS, or e-DIS (easiest or whatever from CDSL), quite complex, but zerodha has an in console feature to gift shares that I know, but never done as no need has arisen ever...

https://www.desidime.com/comments/permalink/10095572

Demon_slayer

2024-05-23

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You can do an "off market transaction". I don't know the procedure completely but search cdsl + your broker + off market transaction. You will find instructions.

But

Even if you send the shares to your wife's account, source of the buy is only considered at the time of sale.

So the Income will ultimately be clubbed with yours. So this is useless.

https://www.desidime.com/comments/permalink/10095689

int86

2024-05-23

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Receiver is liable to pay tax when receiver sells.

https://support.zerodha.com/category/your-zerod...

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https://www.desidime.com/comments/permalink/10096147

choradesi99

2024-05-24

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There are a lot of youtube videos that can guide you in this regard. Please see atleast 2 different videos to do it. Also, you should check if the source demat account is opened with which depository, CDSL or NDSL. CDSL has Easiest portal for this purpose while NDSL has SPEEDe.

If you’re new to all this and the videos seem too complicated, just sell the shares and receive money in you account and then transfer the money and then buy the shares again. It’s time taking but it’s safe.