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,
CAclubindia
