Clubbing of LTCG

Palanisamy K (6 Points)

14 December 2024  

My wife is a homemaker and doesn’t have any income. I’m making investments in her name separately, and I also do investments in my own name. Suppose we each have a long-term capital gain (LTCG) of ₹1.25 lakhs in a FY. Can we each claim an LTCG exemption of ₹1.25 lakhs, or do we need to combine our gains (totaling ₹2.5 lakhs) and only claim an exemption of ₹1.25 lakhs?