Capital Gain Tax on Off Market Shares
This query is : Resolved
24 June 2024
Sir/Madam
I have one question regarding off market shares transferred to spouse account during the fy-2023-24. This share are sold by spouse after transferring shares from her husband.
Now we have to calculate capital gain tax of sale of off market transaction. In this case what is the date of purchase for calculating capital gain tax?? Date of purchase of Husband? or date transfer shares to her demate account??
And to whom capital gain is taxable ??? Husband or her spouse. shares are sold from her demate account.
thanks in advance
I have one question regarding off market shares transferred to spouse account during the fy-2023-24. This share are sold by spouse after transferring shares from her husband.
Now we have to calculate capital gain tax of sale of off market transaction. In this case what is the date of purchase for calculating capital gain tax?? Date of purchase of Husband? or date transfer shares to her demate account??
And to whom capital gain is taxable ??? Husband or her spouse. shares are sold from her demate account.
thanks in advance
24 June 2024
It's date of purchase of husband.
Capital gains is taxable in the hands of husband under clubbing provisions.
Capital gains is taxable in the hands of husband under clubbing provisions.
24 June 2024
Husband is filed his return of income then he has to file revised return??
Can i show capital gain in the hand of spouse instead of husband. Spouse income is below taxable limit!!!
Can i show capital gain in the hand of spouse instead of husband. Spouse income is below taxable limit!!!
24 June 2024
Yes, file revised return.
It can't be shown in spouse income.
It can't be shown in spouse income.
24 June 2024
You are welcome...
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