Capital Gain Tax on transfer of share to spouse

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When you transfer shares to your spouse's account, it's generally not considered a sale for Capital Gains Tax purposes at the time of transfer. The capital gain tax liability will typically arise in your hands only when your spouse sells those shares from their demat account. This is often treated as a gift, but it's important to be aware of potential clubbing provisions.

Keyur

Keyur (Querist)
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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.

Dhirajlal Rambhia

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

Keyur

Keyur (Querist)
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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 ??

Dhirajlal Rambhia

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