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Tax on offline transfer of shares within own demat accounts

Tax queries 1121 views 2 replies

I have 2 DEMAT accounts with 2 same holders in same order.

One DEMAT account is with NSDL and other with CDSL.

One account is with my bank and other with broker.

If I transfer shares from one demat account to other via offline Delivery instruction will there be tax implications?

Like long term or short term capital gains? Or any other tax?

Is it treated as sale from one account and purchase in other?

Or will it be treated as mere internal transfer with no tax implication?

Thanks in advance

Replies (2)

there is no tax on transfer of shares within DPs owned by you. 

As you are transferring shares to yourself, there should not be any tax as ownership of the shares remains the same.


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