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?
Regards,
