Capital Gain Tax on transfer of share to spouse

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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 ??

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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.