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capital gain tax on share transfer
If I transfer my shares from my demat account to my wife demat account...how 'long term capital gain' will be charged...in my account as well as in my wife demat account.
Replies (9)
is it a gift or is it a transfer for consideration???
If it is a gift-any extra charges I have to pay?
no it is not treated as a transfer in your hand u/s 47. and it is not treated as income from other sources u/s 56(2)(x) in wife's hand as she is covered under the definition of relative
so how capital gain tax have to be paid
sir there is no capital gain in your hand as this transaction is not assessible under capital gains. there is no capital gain. for capital gain there has to be a transfer but there is no transfer in this case u/s47 thi
once after transfer of shares to my wife account,from which price point the ltcg will be calculated in my wife account(for long term capital gain how to calculate)..kindly reply
it is not ltcg for ur wife sir
suppose if I am selling the shares from my demat account and buying same shares in my wife account-then my wife is liable to pay ltcg?and she is not working so can I get tax exception of 2.5 lakhs of profit as she is not working anywhere and not getting any income apart from this shares profit
sir if u transfer the shares then it is ltcg in your hands and not in your wife's hands.
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