Gifting Shares/ETF to Minors

Hi All,

Would like to know what are the tax implications of gifting shares to Minors.

  1. Can parents gift stocks/ETF to minors?
  2. What is the minor holds the stocks till he turns major?
  3. Are minors allowed to but ETF from trading account or directly from AMC?

Regards
Hum SA

Can check this.

So, minor can have only demat account and parent can gift, no buying or selling of shares is allowed but offline transfer can happen.

@siva
If I want to transfer the shares to my son Demat ( MINOR ), After placing the send Gift request by inputting the Minor Mobile Number then he will ​receive an email and SMS notification to accept the gift.

​After receiving an email and SMS notification will Minor be able to login to the console to accept the Gift?​