Can I transfer my shares to another trading account?
There are two ways you can follow to transfer your shares or holdings from one Demat account to another. For this, you can follow the manual or online method. For this, you will have to get a Delivery Instruction Slip (DIS) from your broker. … After this, you have to submit it to the existing broker.
Can shares be transferred to another?
Shares could transferred to the different demat accounts of the same individual or different persons. In case of transfer of shares to the same person, there will be no added tax liability. … In case you transfer the shares that you have initially received via a demat transfer, you will be liable for capital gain tax.
Can I have 2 demat accounts?
Investors are legally allowed to open two or more Demat accounts, so long as the accounts are opened against a single PAN number. … You should link your PAN number to every demat account you open. You cannot open two demat accounts with the same depository participant.
Is Zerodha account NSDL or CDSL?
Zerodha is a depository participant of the CDSL depository. This means Zerodha works as a service agent for a demat account which is held by CDSL, one of two central depositories.
How much does it cost to transfer shares to another person?
The current rate for stamp duty is 0.5% of the consideration value and is rounded up to the nearest £5. For example, if £2,600 is paid for some shares, stamp duty will be payable as the consideration is above £1,000.
How do you transfer physical shares from one person to another?
You can visit your Depository participant (Bank/Broker), fill up the DRF form available with the DP, attach your physical share certificates with it and submit the same to the DP.
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.
Can I have 2 demat accounts linked to the same bank account?
It is absolutely legal to open multiple demat and trading accounts. … You cannot have multiple demat accounts or multiple trading accounts with the same Depository Participant (DP) or the same broker. Therefore, if you have a demat account or trading account with a DP or broker, you cannot open another account with them.
Can I use my demat account to another broker?
It is perfectly legitimate to have multiple Demat accounts just as you can have multiple trading accounts. The only condition is that you cannot have multiple trading accounts or multiple Demat accounts with the same broker or the same DP.
Can I open 2 demat accounts with different brokers?
While you can have more than one demat account, there are certain conditions that have to be followed. The primary condition is that one cannot have more than one demat account with the same DP. It essentially means that your second demat account cannot be opened through the same stockbroker.