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Investing in Zerodha Stock: Tax Implications and Claiming Benefits?

Samkit

Samkit Maniar  | Answer  |Ask -

Tax Expert - Answered on Jul 25, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more
Yogalakshmi Question by Yogalakshmi on Jul 02, 2024Hindi
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Just now I'm being entered inside tax. I've invested in Zerodha stock. Will it come under other income source? Also how can I get a claim since it's an investment.

Ans: Can you please elaborate your question? Did you mean that you have opened a zerodha account and invested in a particular stock or you have received ESOP from Zerodha?
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

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Mutual Funds, Financial Planning Expert - Answered on Jan 19, 2025

Asked by Anonymous - Jan 19, 2025Hindi
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I am an NRI with an NRO trading account through Zerodha, but I cannot trade in F&O and Intraday. I have been filing my returns consistently though I have had no income in India in the last 10 years. But I have investments in MF, PPF, NPS, Medical and Life Insurances, ULIPs which were initiated while working in India and had tax saving options and it is being continued. I would like to trade in F&O and Intraday. My wife is not employed till date and has a regular savings account with the Bank which is Resident Indian normal account. She has never filed any IT returns since as there was no income and transactions from my side were only for family maintenance. My question is, can I open a regular trading account in her name so that we can do trading in F&O and Intraday? What are the necessary things which I need to follow for filing IT returns and how my investments can be helpful to file returns through her account. She doesn't have any investments except LIC & Health Insurance policies in her name for which I pay from myside.
Ans: Yes, you can open a trading account in your wife's name to trade in F&O and intraday; however, there are a few important considerations:

Steps to Open a Trading Account:
Convert Savings Account to a Trading-Compatible Account: Ensure her existing bank account supports trading transactions. If not, convert it to a trading-compatible savings account.
KYC Compliance: Complete her KYC process with updated details, including PAN, Aadhaar, and a valid address proof.
Link Demat and Trading Account: Open a Demat and trading account in her name with a broker that supports F&O and intraday trading for resident individuals.
Nominate a Separate Source of Funds: Ensure the funds transferred to her account are not directly linked to your NRI account to avoid legal and taxation issues.
Tax Implications:
Income from Trading: Any income generated from trading in her account will be considered her income. Since she has no other sources of income, her income from trading may be taxed as per the slab rate applicable to her.
Gift Declarations: Funds transferred to her account can be considered a gift. Gifts from a spouse are exempt from tax, but the income generated (through trading) will be clubbed with your income under Section 64 of the Income Tax Act.
Filing IT Returns:
She will need to file her own ITR if her total income (including trading profits) exceeds the taxable limit (Rs. 2.5 lakhs for individuals below 60).
Any clubbed income will still require an ITR to declare the source and details.
Investments for IT Filing:
Investments in her name (e.g., LIC and health insurance) can help:

Claim deductions under Section 80C for LIC premiums.
Claim deductions under Section 80D for health insurance premiums.
Alternative Suggestions:
Joint Investments: Instead of opening an account in her name, consider using investments in her name (LIC, insurance, etc.) to improve her financial standing without additional compliance.
Professional Advice: Engage a CA familiar with NRI taxation and clubbing provisions to ensure full compliance and proper structuring.
If you'd like detailed help with tax planning, compliance, or investment strategies, let me know!

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment.

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Asked by Anonymous - Jul 09, 2025Hindi
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I met a guy who was my realtor trying to sell me a property.the property was shortly purchased. Later on he took my personal number and started texting me in that. It was just a hi hello daily kind of thing. Soon it turned into 1hr calls at his office time and the calls happened every three days. He asked me to on a vacation with him and i agreed since both of us had a compatible thinking. Our conversations were casually flirty whenever it happened. Everytime i went to seey property he used to be there since it was his office too and made sure i was well taken care of. From few days i had started reciprocating his care for me. Recenty during a conversation i asked him to come to my city as our relationship status was not defined and i thought he wanted to spend some time with me as the vacation we were planning was postponed after a month. Yesterday during a conversation he told me he is married and i was shocked since he never talked about it and knew everything about me at this point from my family members. Now he says i did not want to hurt me and we are friends, we were taking the vacation as friends. But truth is i am hurt since i had just started reciprocating his flirtiness. I dont know what to do further as i know he has hurt me and he should not have flirted with me and should have told me he was married from beginning. He just said it never came in any conversations. I just confronted him as to why he did want to go on vacation with me when he has a wife. He just said he meant as friends and his marriage is complicated. Should i continue talking to him or end the so called friendship, because at one point i was sure he liked me, he praised me, called me beautiful, used yo stare at me when i was not looking.
Ans: Dear Anonymous,
I understand how confused and hurt you must be feeling. It was definitely wrong of him to lead you on, and never mention that he is already married. We don’t know the dynamics of his marriage, whether it is open or he is hiding all these from his. But I do get the sense that you do not want to be involved with a married person. So, going on this trip, even if he says it’s “as friends” can complicate things. I would suggest you think twice before continuing this “so called friendship” and also before going ahead with the trip plan. He might not care, but it can hurt you since your feelings are genuine.
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I have enrolled in BBA [Hons with Research] program which is of 4 years, at Shri shikshayatan college kolkata. What are the courses/skills I should pursue alongside it for placements ?
Ans: Pursuing complementary courses and skill development alongside a four-year BBA (Hons with Research) equips graduates for competitive campus placements by strengthening analytical, technical, managerial, digital and interpersonal competencies. Enrolling in a Digital Marketing Certification sharpens SEO, social media and content strategy abilities, aligning with 90% of companies hiring marketing associates. Mastering Advanced Excel & Power BI through certified programs builds data-visualization and dashboarding expertise valued by 49% of recruiters, while Data Analytics courses using Python and Tableau instill analytical problem-solving and predictive modeling skills essential for 53% of hiring managers. Completing a Project Management Professional or short-term Six Sigma Green Belt course enhances planning, risk management and leadership acumen prized by recruiters. Simultaneously, structured Business Communication and Public Speaking workshops develop the teamwork, communication and critical-thinking proficiencies that 57–55% of recruiters prioritize in new hires. Together, these certifications strengthen academic foundations, demonstrate proactive learning, and signal job-readiness for diverse roles in finance, consulting, marketing and operations.

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Sir, I have seat confirmation in Reve University B Tech CSE ( AI/ML). But let me tell you my background. I am basically a PCB students passed 12th class in 2024 CBSE. Since I wanted to do engineering , I have cleared maths alone from NIOS. So have two board certificates ( CBSE and NIOS). Due to which many other colleges are not ready to give direct admission due to duel certificates. But Reve University and Other deemed universities are ready to give admission. If it takes admission into REVA, during placement time will this dual board certificate of 12th will cause a any problem ?. I do have option to join VIT Bhopal CSE (HI) Cat 2 admission is based on PCB certificate. please suggest sir. Thanks in advance.
Ans: Having separate CBSE and NIOS 12th-board certificates will not hinder campus recruitments at REVA University, as placements rely on your B.Tech degree eligibility rather than your secondary board credentials. REVA’s AI/ML-CSE branch has achieved around 90% placement over the past three years through its Career Development Centre and industry tie-ups. VIT Bhopal’s Health Informatics programme, though open to PCB entrants under Category-2, benefits from VIT’s centralized placement system—boasting a 90%+ placement rate and major recruiters like Microsoft, Amazon and TCS. However, Health Informatics is more niche than core AI/ML-CSE. Both institutions provide strong labs, accredited curricula, faculty expertise, research opportunities and active industry collaborations.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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