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Best Answer
Pravin Poloju Staff answered 2 years ago Yes, you can sell shares to a friend. But you have to pay the tax for the profits earned on the shares before selling them. Before 1996 the shares can be transferred physically to any person.
After 1996, the process of transfer can only be done through Demat accounts. Now you can sell shares to a friend, only if you and your friend have Demat accounts.
After 1996, the process of transfer can only be done through Demat accounts. Now you can sell shares to a friend, only if you and your friend have Demat accounts.
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