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When a shareholder transfers shares from a Demat to another held in his name, there is no tax liability, but the broker can charge a transfer fee. If a shareholder transfers shares to another person, for example, his spouse or children, he has to provide a clear and legitimate reason for doing so.
Contact Computershare at 855-377-0510 and they can assist with selling your shares.
Generally, youll be walked through a step-by-step process online that includes filling out a transfer form or ACAT form. Most accounts can be transferred through an automated process called the Automated Customer Account Transfer (ACAT) Service.
Transferring shares between your own Demat accounts is tax-free. However, transferring shares to another persons Demat account may have tax implications. Such transfers, when made without payment, are treated as gifts and are subject to taxation under the Income Tax Act 1961.
The standard off-market transfer charges of ₹25 per security, per transaction, plus 18% GST are applicable.
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You can transfer shares between accounts in your own name, or between different individuals, entities and joint accounts. A legally-binding change of beneficial ownership is required when transferring shares between different parties.

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