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Anil

Anil Rego  |346 Answers  |Ask -

Financial Planner - Answered on Mar 07, 2023

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Gurumukh Question by Gurumukh on Jan 28, 2023Hindi
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I am having two demat account.in one account is joint account ,in which holder is myself and my wife . second account my wife is solo account holder. so can I transfer joint account to solo wife account.pl advice.

Ans: If your wife is the sole holder in both, there is no implication. However, if you are the first holder in the joint account- you can transfer the shares, but it can be considered to be a gift or sale for consideration based on how you want to execute it.
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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