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Desirous to transfer shares online to my sister's daughter from nsdl online

Others 566 views 3 replies

Respected Experts,

I am desirous to Off-Market transfer certain Equity shares to my sister's daughter NSDL Online platform. 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".  If one selects "Transfer between specified family members" or "Gift"...., next step one has to select Relation (drop down window) in which sister'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 sister's daughter from NSDL online platform?

Replies (3)

As exact relationship is not available, next best option is Sister.

The relation is next generation to your sister. In IT act she will get it tax-free.

Thanks Expert for the reply...

You are welcome..                             


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