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

Jitendra Patel commented on 15 Nov 2020, 10:41 AM

Brilliant stuff. Other big bank brokers and independent brokers are still stuck in 1998 attitude. Not thinking out of the box. Want customer to give them money for nothing. They want infinite returns by scamming customers and zero investment. Zerodha is not doing any disruption. They are changing people’s behaviour and thought process towards capital market and especially Direct Equities by using tech which is easily available to everyone.

One question on gifting.

Wouldn’t be there a tax incidence in gifting stocks to friends and non blood relatives as defined by Income Tax.

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