24 March 2016
If there is no source of income (housewife) and if some short term capital gains happens out of sale of equities purchased through monthly savings from husband's money, is this short term capital gain is taxable? If yes, at what rate? Is there any way to save short term capital gains?
25 March 2016
Dear Short term capital gain will be taxable in hands of wife. But moving deeper into the act the clubbing provisions will apply and hence the STCG will be taxable in the hands of husband. Dear the slab rate benefit is applicable on STCG.
CAclubindia
