Comment on Now gift stocks and ETFs to your friends and loved ones

Nakul commented on 14 Nov 2020, 04:19 PM

If you wish to transfer the securities, not for the specific reason of a gift then you’ll have to use CDSL Easiest to make an off-market transfer.

If you are initiating a transfer for the purpose of gifting, then this process works well. Do remember that there can be tax implications. The sender and recipient must maintain proper documentation such as a gift deed to justify the genuinity of the gift transaction as there are chances of scrutiny from the tax department if the gift amount is high.

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