Income Tax calculation in Gifted Mutual Fund
This query is : Resolved
Quick Summary
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)
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
(Expert)
22 July 2025
1. No.
2. 1 lakh U/h husband.
2. 1 lakh U/h husband.
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Dhirajlal Rambhia
(Expert)
25 September 2025
Good luck...
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