Gifting shares vs transfer between specified family members

Taxation
1

Was trying to transfer some holdings to my mothers account over CDSL easiest.
Found two similar options under reason for transfer.

  1. Gift
  2. Transfer between specified family members
    (self and spouse linear ascendants/descendants )

Can anyone please share what is the difference (which is probably tax related only)

1 Like
2

2nd option i.e. Transfer between specified family members (self and spouse linear ascendants/descendants) is non-taxable gift in hands of recipient.
1st option is Gift to other than family members are taxable in hands of recipient.

3

Hi @abhinandan_maurya

Have a read on Tax on Gifted Shares & Securities - Learn by Quicko, hope this helps.