Income Tax calculation in Gifted Mutual Fund

This query is : Resolved 

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This discussion clarifies the tax implications when gifting mutual funds. The original buyer (person X) does not pay tax on the capital gains at the time of the gift. However, when the recipient (the wife) eventually sells the mutual fund, the tax liability on the capital gains will be calculated based on the original purchase price and the selling price. The concept of 'clubbing of income' means the husband may be liable for this tax, not the wife.

22 July 2025 Hello Sir, X person buy MF of Rs 1 L after 2 years it's valuation is 1.3L . He gave gift this whole 1.3L MF to his wife .
Will X person need to pay tax on 30K(1.3L-1L) on this year ?
suppose again after 2 years valuation of MF is 2 L and wife sold MF. So On what amount wife (Or Husband if we consider clubbing of income )need to pay tax ? Is it on 70 K (2L-1.3L) or 1 L(2L-1L i.e. original price of MF)

22 July 2025 1. No.
2. 1 lakh U/h husband.

25 September 2025 Good luck...


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