Transfer of Stocks from NSDL to CDSL Demat - Considered Sale


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?


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

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

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

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