Capital gains on shares (Off market debit transactions)

There is off market debit transactions as gift of shares to children amounting to 20K and off market credit transactions towards gift of shares from husband amounting to 80K..Both are reflecting in AIS..Is both tax exempt for assessee ?
Replies (3)
Quick Summary
This discussion clarifies the tax implications of off-market share transactions, specifically gifts between relatives. It addresses whether gifting shares worth £20,000 to children and receiving shares worth £80,000 from a husband are considered tax-exempt for the assessee, provided they are relatives as defined by the IT Act.

Yes, both are relatives as per IT act.

Thank you very much...Your inputs means a lot Sir

You are welcome.              

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