Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Does Gifting of shares to Sister's Daughter taxable to receiver?

384 views

Save Share

Join Us Follow Us Add as Source

Desabandh Real

35 Points Posted on 12 September 2022

A lady is desirous to gift some equity shares to her Sister's son. ( Nephew)

Will such shares be taxable in the hands of the receiver?

How to transfer equity shares to her sister's son through online Demat of NSDL?

Can anyone please explain how to do Off-market transfer ONLINE from NSDL account to this relative's NSDL account ?

Replies (2)

Quick Summary

This discussion explores whether gifting equity shares to a sister's son (nephew) is taxable for the recipient. It also covers the process of transferring shares online via NSDL's off-market transfer system. While the gift itself may not be taxed, the sale of those gifted shares could incur tax liabilities for the receiver.

CA Aakarsh Jain

10436 Points Posted on 12 September 2022

I already told you that this will be taxable in the hand of receiver. If you unable to do the transfer on your own then I can do it for you. Check your inbox.