InvestorQ : Can I sell my US Shares off market to my Indian Friend & get sale value in India in INR in my Bank Account. We both have accounts in E-Trade.
Kanagasabai Vanchilingam made post

Can I sell my US Shares off market to my Indian Friend & get sale value in India in INR in my Bank Account. We both have accounts in E-Trade.

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Dawn Cherian answered.
3 weeks ago
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Free transfer of Indian shares is possible through off market transaction is possible in case of India shares. In the case of global shares, it will be treated as income arising outside of India and taxed accordingly, depending on your residential status. I would suggest that you should consult your chartered accountant and A/D bank for greater clarity on the specific case.

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