If my self and my wife has same joint account in bank then she can invest that money into shares with her personal brockrage account and income from that shares can be taxable to me or to her.
I have similar issue - I have invested money in my friends account as I was not in India. Now I am back to India and want to transfer shares in my new demat account.
My question is, Is there a way I can transfer those shares on my friends name on to my name and into my account without she selling them in the market as I can''t buy those same shares at the same price. She will agree for the share transfers on to my account.
So, From HDFC to Axis , from person A to Person B, is the transfer of shares i.e. only onwership transfer without selling the shares.....IS IT POSSIBLE?
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