Capital gains on shares (Off market debit transactions)

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Manager of Accounts
165 Points Posted on 24 July 2023
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 ?
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On 24 July 2023 at 15:19 Report
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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.

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SEO Sai Gr. Hosp.
212511 Points Posted on 24 July 2023

Yes, both are relatives as per IT act.

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On 24 July 2023 at 15:28
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Manager of Accounts
165 Points Posted on 24 July 2023
Thank you very much...Your inputs means a lot Sir
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On 24 July 2023 at 16:51
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SEO Sai Gr. Hosp.
212511 Points Posted on 24 July 2023

You are welcome.              

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On 24 July 2023 at 19:37

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