InvestorQ : What are the key factors to be considered when you actually transfer shares to your relatives as a gift?
Riya Dwivedi made post

What are the key factors to be considered when you actually transfer shares to your relatives as a gift?

Answer
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rhea Babu answered.
1 year ago


Firstly, ensure that the details of DIS submitted by donor and Receipt Instruction submitted by recipient must match; else transfer will be invalid. Secondly, it is always better to demat shares before transferring to avoid stamp duty. Also post December 05th 2018, physical transfers will not be permitted. Hence it is better to get them dematerialized in advance. Make it a point to get a gift deed executed appropriately so that the legal trail is clear.