We all have been in situations where we’ve spent several hours searching for the right gift for an occasion. Choosing a meaningful gift is never easy. One of the things we’ve wanted to do at Zerodha for a long time was to make gifting stocks, mutual funds, and bonds easier, but making the process seamless and online wasn’t possible. The only way to gift stock was to execute an off-market transfer by filling up a physical delivery instruction slip (DIS) and then sending it to us to complete the transfer.
There will be no tax implication for the sender of the gift. However, there could be taxes on the receiver if the gift received is more than Rs 50,000. Check this article to know more.
The gift trade will be entered at the previous closing price available of the stock on the day the transfer. The holding transferred by the sender of the gift will be closed at the previous closing price of the stock, and the average price for the receiver of the stock will be the same closing price of the stock.
Any reason why sovereign gold bond SGBAUG28V and SGBSEP28VI are appearing as eligible for sending by gift but SGBOCT28 is not coming in security eligible for gifting?
All three are SGB issued recently and trading in market, two can be gifted but one cannot!
Please help as i want to gift SGBOCT28 but not able to do so, thanks!