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DEshik   10 September 2022

Difference between "gift to relative" and "transfer between specified family member" shares in demat

What is Difference between "Gift to Relative" and "Transfer between Specified Family Member", as per Income Tax Act? NSDL and CDSL online platforms when allowing to do OFF-MARKET Transfer, will ask for the "Reason for transfer" Therefore, one desiring to do off-market transfer of some shares to a son/daughter is asked to give a reason for off market transfer between "Gift to Relative" and "Transfer between Specified Family Member" Hence the question: Whether "Gift to Relative" or "Transfer between Specified Family Member" ? Regards,

Read more at: https://www.caclubindia.com/forum/difference-between-quot-gift-to-relative-quot-and-quot-transfer-between-specified-family-member-quot-shares-in-demat-593071.asp
Respected Experts,
I hold Equity Shares in Demat account with CDSL/NSDL
I would like to Off-Market transfer certain Equity shares to my brother's daughter ONLINE.
Since I am transferring to my relative without any consideration, there are two options available to do off-market transfer... namely "Gift" and Transfer to a Specified Family Member"
.
Can You please clarify, What is Difference between "Gift to Relative" and "Transfer between Specified Family Member", as per Income Tax Act ?
 
NSDL and CDSL online platforms when allowing to do OFF-MARKET Transfer, will ask for the "Reason for transfer" Therefore, one desiring to do off-market transfer of some shares to a "relative" is asked to give a reason for off market transfer between "Gift to Relative" and "Transfer between Specified Family Member".
 
 
Next        , If one selects "Transfer between specified family members" or "Gift"....,  next step one has to select Relation ( drop down window) in which brother's daughter is not mentioned. ( Only Spouse, Father, Mother, Son, Son's wife, Daughter, Daughter's Husband, Brother, Sister, Member of same HUF,)    
 
 
 
Can you please help me how to transfer shares to my brother's daughter from CDSL/NSDL online platform?
 
Regards,
 
What is Difference between "Gift to Relative" and "Transfer between Specified Family Member", as per Income Tax Act? NSDL and CDSL online platforms when allowing to do OFF-MARKET Transfer, will ask for the "Reason for transfer" Therefore, one desiring to do off-market transfer of some shares to a son/daughter is asked to give a reason for off market transfer between "Gift to Relative" and "Transfer between Specified Family Member" Hence the question: Whether "Gift to Relative" or "Transfer between Specified Family Member" ? Regards,

Read more at: https://www.caclubindia.com/forum/difference-between-quot-gift-to-relative-quot-and-quot-transfer-between-specified-family-member-quot-shares-in-demat-593071
What is Difference between "Gift to Relative" and "Transfer between Specified Family Member", as per Income Tax Act? NSDL and CDSL online platforms when allowing to do OFF-MARKET Transfer, will ask for the "Reason for transfer" Therefore, one desiring to do off-market transfer of some shares to a son/daughter is asked to give a reason for off market transfer between "Gift to Relative" and "Transfer between Specified Family Member" Hence the question: Whether "Gift to Relative" or "Transfer between Specified Family Member" ? Regards,

Read more at: https://www.caclubindia.com/forum/difference-between-quot-gift-to-relative-quot-and-quot-transfer-between-specified-family-member-quot-shares-in-demat-593071.asp
What is Difference between "Gift to Relative" and "Transfer between Specified Family Member", as per Income Tax Act? NSDL and CDSL online platforms when allowing to do OFF-MARKET Transfer, will ask for the "Reason for transfer" Therefore, one desiring to do off-market transfer of some shares to a son/daughter is asked to give a reason for off market transfer between "Gift to Relative" and "Transfer between Specified Family Member" Hence the question: Whether "Gift to Relative" or "Transfer between Specified Family Member" ? Regards,

Read more at: https://www.caclubindia.com/forum/difference-between-quot-gift-to-relative-quot-and-quot-transfer-between-specified-family-member-quot-shares-in-demat-593071.asp
What is Difference between "Gift to Relative" and "Transfer between Specified Family Member", as per Income Tax Act? NSDL and CDSL online platforms when allowing to do OFF-MARKET Transfer, will ask for the "Reason for transfer" Therefore, one desiring to do off-market transfer of some shares to a son/daughter is asked to give a reason for off market transfer between "Gift to Relative" and "Transfer between Specified Family Member" Hence the question: Whether "Gift to Relative" or "Transfer between Specified Family Member" ? Regards,

Read more at: https://www.caclubindia.com/forum/difference-between-quot-gift-to-relative-quot-and-quot-transfer-between-specified-family-member-quot-shares-in-demat-593071.asp


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 3 Replies

Dr J C Vashista (Advocate)     11 September 2022

Your post has been re-written /overwritten and not a legal but financial issue.

P. Venu (Advocate)     11 September 2022

Yes, the posting is not readable. 

DEshik   11 September 2022

Extremely Sorry sir...


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