Gift of shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2013 I wish to gift some shares inherited by me from my mother. which are in demat form from which I would like to transfer a part to my sister's demat account she is holding as a second holder with her husband.

I seek expert advise please

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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29 June 2013 Yes shares can be gifted to sister

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2013 Thanks for your advise. The only thing for which I still seek clarification is transferring same to a demat account whose first holder is my brother in law and the second is my sister. Can this be done.

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