Hi…
I like to transfer some holdings to my brother’s daughter Demat account from my NSDL ( Stock Holding Corporation of India Ltd.,) demat account.
Found two similar options under reason for transfer - Gift and Transfer between specified family members (self and spouse linear ascendants/descendants ).
Can anyone please enlighten about income tax implication on "Gifting" and “Transfer between specified family members”
Regards,
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Online off-Market transfer to relative - Found 2 options - "Gift" & "Trnfr btwn specified Family Members"
Replies (1)
For a transfer to your niece, either code is functionally acceptable for the transfer process. Using "Transfer between specified family members" is technically more descripttive for your records. Ensure you keep a signed Gift Deed and documentation of your original purchase price for her future tax filings.
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