Gifting Transaction
What are the tax implications of gifting shares?
Gifting shares means transferring securities from one Demat account to another without receiving payment in return. While the transfer may be simple operationally, both the sender and the receiver should understand the tax treatment and maintain ...
Can I cancel a gift transaction on FYERS?
You can cancel a gift transaction only while its status is still marked as Pending. Once the gifting request is processed successfully, it cannot be cancelled. After you initiate a gifting request on FYERS, a CDSL validation request is sent after 7 ...
How do I track the status of my gifts on FYERS?
Once you initiate a gift transaction on FYERS, you can track its status from the Gifting Transactions section in FYERS Reports. The status helps you know whether the gift is successful, pending, or failed. You can also view both sent and received ...
What are the timings and charges for gifting stocks on FYERS?
When you gift securities on FYERS, you need to follow the applicable gifting timings and complete the CDSL authorisation process. FYERS does not charge a platform fee for security gifting, but standard DP charges apply for each stock or ISIN ...
How to gift securities on FYERS
At FYERS, you can gift stocks, ETFs, mutual funds, T-Bills, G-Secs, and SDLs exclusively between FYERS demat accounts. You can initiate a gift request from your holdings and complete the transfer after CDSL validation. Note: Ensure to complete the BO ...