Can I transfer my share in another demat accounts of my wife? (2024)

FAQs

Can I transfer my share in another demat accounts of my wife? ›

The answer is yes! When you sell securities, you give your shares to another person. However, if you hold multiple demat accounts, then you can transfer your shares from one demat account to another demat account.

You can transfer your holdings in a demat account to another individual rather than the account itself.

Firstly, you can transfer shares to your spouse or anyone else in two ways. Either you can transfer shares through a will/inheritance, or you can gift it to them. The transfer process is simple.

You also can transfer shares from one Demat Account to another. While the process of transferring can be easy, it is important to learn all aspects of the share transfer process and the participants involved in the process.

For transferring the shares online, you have two options. First is to do this via your demat account and the second is via the relevant depository's (CDSL/NSDL) website. While certain brokers may offer an online transfer option, the process may not be completely online due to safety reasons.

Transferring property under the tax-free transfer rule

Say, for example, that the terms of your divorce agreement require you to give your spouse your home in exchange for them keeping 100% of the stock in your company. Taxes wouldn't apply to the asset transaction.

Stocks, ETFs, and gold bonds can be gifted online to anyone with a Zerodha account. If the recipient does not have a Zerodha account, they can create a new account and receive the gift. To open a new account online, see How to open a Zerodha account online?

As of 2022, the IRS allows you to gift up to $16,000 per year, per person — including stock. In 2023, that number increases to $17,000. Married individuals who file jointly can gift up to $16,000 each in 2022 and $17,00 in 2023, for a total of $32,000 or $34,000 to any single recipient.

Yes, Demat accounts can be held by one, two, or three people at the same time. Demat accounts can also be held by companies and partnership firms. If you would like to have more than one person on a demat account, you have to do so at the time of account opening.

Myth 1: Brokerage transfers require you to pay taxes.

Not necessarily. If you do an in-kind transfer, meaning you move your stocks from one brokerage to another without buying or selling, you won't pay taxes because the transfer isn't considered a taxable event.

How to transfer shares from one demat to another through easiest? ›

An investor prefers to make use of existing demat account held in single name by first transferring physical shares held in joint name into single name. Transferring physical shares requires payment of transfer fees through franking of transfer deed documents, a service investors used to avail from BOI Shareholding.

A maximum of 5 securities (ISINs) can be transferred per DIS. Use the DIS Annexure form (PDF) to transfer more than 5 securities. The charges to transfer shares in an off-market transaction are 0.03% of the transfer value or ₹25 per ISIN, whichever is higher, + 18% GST.

An investor can open multiple Demat Accounts with different brokers with a valid PAN card. The Securities and Exchange Board of India (SEBI) does not levy any limitation on opening more than one Demat account in India.

Yes, you can easily transfer your shares from one broker to another. You will need a new Demat account with the new broker. Many online trading account providers like zerodha provide best brokerage rates. To transfer your shares you will need a delivery instruction slip (DIS) with all the details like shares ...

Yes, Demat accounts can be held by one, two, or three people at the same time. Demat accounts can also be held by companies and partnership firms. If you would like to have more than one person on a demat account, you have to do so at the time of account opening.

Transfer your shares over time—if your intention is for a family member to take ownership of your business, you can sell the shares over an extended period of time to spread out the taxes you have to pay. This strategy is useful if you're planning for your child to take ownership once they're older.

To learn more about RTAs, see What are Registrar and Transfer agents (RTA)? No, physical shares held by a single holder cannot be dematerialised into a joint demat account.

Yes. If you authorize any person to operate your account by executing a power of attorney, that person can operate the account on your behalf. However, you need to submit a Notarised copy of the POA to your DP.