- Is Zerodha good for beginners?
- Can I pay my wife a salary?
- Is Zerodha better than Icici direct?
- Which is better Zerodha or Upstox?
- Can I transfer my demat account to my wife?
- Who opens Zerodha account?
- How much money can a husband give his wife tax free?
- What is required to open Zerodha?
- How long does it take to open a Zerodha account?
- Can I open demat account in my wife name?
- Can I invest in my wife name?
- How much money a housewife can deposit in bank?
- Can I declare rental income in my wife’s name?
- Can I transfer shares to my spouse to avoid tax?
- Why does it cost to open a Zerodha account?
- Can parents give money tax-free?
- Can I split my income with my spouse?
- Can I open Zerodha account without income proof?
- Can we have 2 demat accounts?
- Can I gift shares to my son?
- Can husband deposit in wife PPF?
Is Zerodha good for beginners?
Zerodha is an online stock broker designed for people who can trade by themselves with no help from the broker.
This makes it difficult for beginners who require hand-holding in initial days.
This helps beginners in learning the stock market as well as the trading tools..
Can I pay my wife a salary?
“Yes, you can pay your spouse a salary and should be doing so,” explains James Abbott, owner and head of tax at contractor accountant Abbott Moore LLP. … They should not be being paid simply as a means of generating costs within the business or using a spouse’s tax allowances.
Is Zerodha better than Icici direct?
Zerodha, on the other hand, is one of the leading discount brokers in India. On one hand, Zerodha allows trading at much cheaper overall brokerage while on the other ICICI Direct provides different research reports and intraday tips to its customers.
Which is better Zerodha or Upstox?
Zerodha is India’s No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds….Zerodha Vs Upstox Charges & AMC.ZerodhaUpstoxDemat Account AMC ChargesRs 300Rs 3003 more rows
Can I transfer my demat account to my wife?
Yes, you can transfer shares from any account to your account by giving off-market delivery instructions slip to holders DP. There are some minimum charges to transfer the shares. As you are doing the transfer of shares within a family, so we don’t see any major issue from the income tax department.
Who opens Zerodha account?
An individual can open only one trading account or demat account with a particular broker. You cannot open two trading accounts with same PAN number with Zerodha. Note: You could open another trading or demat account with the same name and pan number with other brokers.
How much money can a husband give his wife tax free?
There is no restriction on husband giving any money out of his income to his wife but you cannot claim any tax benefits in respect of money gifted to your wife. You will have to pay full tax on your income because gifting of money, out of your income, is treated as application of income.
What is required to open Zerodha?
The documents required for Zerodha account opening are:PAN card.Aadhaar (Only for an online account opening)Cancelled cheque/Bank statement to link your bank account.A photo.Income proof (Form-16/IT acknowledgement copy/6-month Bank statement/Latest salary slip)
How long does it take to open a Zerodha account?
24-48 working hoursIf you have applied for opening an account with Zerodha and sent across your application, it generally takes 24-48 working hours for your account to be activated. Any discrepancies in the submitted forms or documents would delay the account opening process.
Can I open demat account in my wife name?
No. You cannot show profit/loss from your wife’s demat account in you ITR. However, due to clubbing provisions, if you had invested money under your wife’s name and earning taxable income from that investment, then that income would be clubbed with your income and you would need to pay tax on it.
Can I invest in my wife name?
Most savings instruments allow investment in the name of spouse, children or parents, but with some restrictions. It is common to open a fixed deposit or buy insurance in the name of spouse or minor children. One can even open a Public Provident Fund (PPF) account or buy stocks in the name of spouse or children.
How much money a housewife can deposit in bank?
So, women who have up to Rs. 2.5 lakh of savings have an option to deposit their money in the bank. However, women who have saved over the years and have more than Rs. 2.5 lakh will have to divert their money in the right direction.
Can I declare rental income in my wife’s name?
It is still possible to declare rental income as belonging to your partner, so as to make use of their personal allowance and marginal tax rates.
Can I transfer shares to my spouse to avoid tax?
For tax purposes, transfers of shares between spouses are generally tax-free. … Splitting the shareholding between you will enable you to shelter any future capital gain using two annual capital gains tax exemptions if the company is ever sold.
Why does it cost to open a Zerodha account?
Zerodha offers brokerage free equity delivery trades. This means if you sell the shares which you hold in your demat account, there are no brokerage changes. … For intraday trades, Zerodha changes flat Rs 20 per executed order brokerage. Zerodha charges the same brokerage (Rs 20 per trade) on both the legs.
Can parents give money tax-free?
As of 2018, you may give each of your children (or other recipients) a tax-free gift of money up to $15,000 during the tax year. … And if you’re married, each child may receive up to $30,000 – $15,000 from each parent. You don’t have to pay tax on this gift, and you don’t even have to report it on your tax return.
Can I split my income with my spouse?
One way to lower your household’s tax liability is to consider income splitting. This works best if one spouse earns significantly more than the other spouse does. Income splitting lets the higher-income spouse shift some of their income to the lower-income spouse (whether they are married or common-law).
Can I open Zerodha account without income proof?
You have to upload documents like Bank Details, PAN CARD, Signature and, Proof of Income(optional). Income Proof is optional & only required if you want to trade Futures & Options, currency, and commodity.
Can we have 2 demat accounts?
While you can have more than one demat account, there are certain conditions that have to be followed. The primary condition is that one cannot have more than one demat account with the same DP. It essentially means that your second demat account cannot be opened through the same stockbroker.
Can I gift shares to my son?
Well, the answer is yes, you can, but unfortunately a transfer of shares to children would be classed as a disposal for capital gains tax purposes, and the disposal proceeds would be deemed to be the market value of the shares.
Can husband deposit in wife PPF?
Under the Section 80C of the Income Tax Act, an individual can get an exemption of up to Rs 1.5 Lakhs, for the PPF deposit. Note: The individual can deposit the money in the name of self, child, or spouse.