Share transfer valuation

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This discussion addresses how the average price and investment value are updated in a demat account when shares are transferred as a gift to a family member. The original purchase price, following the FIFO method, is generally used as the transaction value for gift transfers. This helps clarify the accounting for such intra-broker transfers.

sachin Alwadhi

sachin Alwadhi (Querist)
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15 March 2023 Hi

I have query regarding share transfer value .Case is i have transfer some shares from my demat to my family demat account and both demat account with same broker so it is intra transfer among same broker and share transferred successfully now issue is updation of investment and average price in transferred demat account.suppose in my demat account value to shares are as follows
Abc company qty 700 rate 25 average price =37500 and out of this i have transferred 1 shares to another family demat account as a gift.Now question of updation of average price and investment price in another demat account .problem is that i have bought 1500 shares in 2018 and sales 800 shares in 2019 and 2020 and again bought new shares in different dates and now i have holding of 700 shares and out this i have transferred 1 shares as gift to family so at what price average price and invesment value will be updated in transferred family demat account?