What are the charges for gifting stocks?
The charges for gifting are 0.03% of the gift value or ₹25 whichever is higher, plus 18% GST is charged per company or ISIN.
Shares of Airtel, Britannia, and Coal India are to be gifted to a family member on June 3rd 2021. In this scenario, the charges will be calculated as follows:
Closing Price in ₹
|Value A*B (in ₹)||0.03% (in ₹)||₹25||Considered Amount (in ₹)|
|Total charges in ₹||91.18|
Did you know?
- The highest closing price of the stock between NSE and BSE is taken for calculation of charges.
- There can be a difference of a few paise in charges since they are rounded off to two decimal places.