Tax Planning for Minor Account

[Surbhi_Pal]

Hi @Prateek_Sen,

I’ve written about this in-detail on this thread:

What are the tax implications on minor’s demat account?

A demat account is mandatory for investing in shares, ETFs, and listed bonds. Some parents may wish to invest in shares in their children’s names. To do this, they are required to open a demat account for their minor child. However, it’s important to note that a minor’s demat account must be managed by their parent until the child turns 18. At that point, it can be converted into an individual account. What are the tax implications on a minor’s demat? Firstly, a minor cannot buy securities. T…

If you have any further doubts, please let me know.