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If you transfer your mutual funds and stocks from your demat account to your wife or mother's demat account, it would be considered a gift as it is transferred without consideration. As per the provisions of the IT Act, gift to a relative is exempt from tax.

Hi, There is no capital gains tax liability on the transfer of assets between married couples and civil partners.

Either you can transfer shares through a will/inheritance, or you can gift it to them. The transfer process is simple. All it needs is simple online documentation and the usual transfer fee which varies from broker to broker, plus 18 per cent GST.

Keep a note of the shares you wish to transfer and the ISIN number, which is specific to the shares of different companies. You would also need to enter the target client ID, which is a 16-digit code. The recipient would need to submit a receipt instruction to their DP in order to receive the shares.

How to start a General Partnership in Massachusetts. You don't have to file any formation paperwork with the state to start a General Partnership. Only formal business structures (like LLCs or Corporations) have to file formation documents with the state.

A partnership must annually report the partnership's income to the Department of Revenue on a Form 3, Partnership Return of Income if: It has a usual place of business in Massachusetts, or. Receives federal gross income of more than $100 during the taxable year.