Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Income Tax calculation in Gifted Mutual Fund

This query is : Resolved

Share Report Follow Query Ask a Query

Ritesh (Querist)
Follow

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)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

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

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

25 September 2025 Good luck...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member K.S. ANANTHARAJAN

K.S. ANANTHARAJAN

Pro Member sridhar

sridhar

Pro Member Vignesh Pai

Vignesh Pai

Pro Member Venkateshwaran Ekambaram

Venkateshwaran Ekambaram

Pro Member Shivchandra Jakhotia

Shivchandra Jakhotia

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

23 May 2026

Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details

05 May 2026

Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details

22 May 2026

Audit assistant

Displayandbeyond

Mumbai

CA

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

11 May 2026

AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details

ARTICLESHIP 15 May 2026

Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details

16 May 2026

Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details

Featured 26 May 2026

Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details