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Capital Gain Tax on transfer of share to spouse

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(Querist)
22 May 2024 Sir/Madam

Is any capital gain tax payable by me if i transferred some share to my wife account in fy 2023-24??

Date of Sale is transfer of share to my wife's demate account??

Please guide me.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 May 2024 Capital gain liability will arise in your hand, whenever the shares are sold from her demat account.
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Keyur

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Keyur (Querist)
22 May 2024 thanks for prompt reply sir

My question is that if i transfer share to my wife account then capital gain tax payable to me on transfer of share to my wife account??

It is a Sales ??
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 May 2024 No. Generally it is not considered as sale. As stated earlier, it will be taxed in your hand, whenever sold.
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CA. Bhavik P. Chudasama

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CA. Bhavik P. Chudasama (Expert)
23 May 2024 It will be considered as Gift but need to check clubbing provisions in such case
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 September 2025 Good Luck..
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