Transfer of Stocks from NSDL to CDSL Demat - Considered Sale

Taxation
1

Hi,

I recently transferred my shares from IIFL (NSDL DP) to Zerodha (CDSL DP).

As per the final P&L statement issued to me by IIFL - this was shown as Realized Gain & Loss and further split into short term and long term. But then I didn’t have any STT deduction too.

So am not clear if this should be booked as Long Term / Short Term Gain & Loss or what?

2

Gagan

You need to calculate Manually reco for this. This is not required to be booked as Gain as there is no transfer.

3

Ok, clear. So need to maintain a record for this for future.

4

Yes … The records are already with you interns of DP statements. Save the file for future reference.

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