Gift of mutual fund
This query is : Resolved
Quick Summary
17 March 2022
Hello All
I want your valuable advise.
My father want to gift one of his mutual fund . Can he do it?
If yes then how it is taxed in both hands. Pl explain pl.
Regards
I want your valuable advise.
My father want to gift one of his mutual fund . Can he do it?
If yes then how it is taxed in both hands. Pl explain pl.
Regards
18 March 2022
Yes, he can do it. In both the hands it's not taxable as gift to relative exempt from tax.
18 March 2022
Sir. According to my knowledge mutual funds are not transferable.
19 March 2022
Do you want to transfer the units from one DMAT to another.?
or something else.
or something else.
20 March 2022
Sir.
It is not . The mutual funds are in non demat form.
It is not . The mutual funds are in non demat form.
10 July 2022
Correct. MF units in physical form not transferable.
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