Hi,
I am planning to gift some amount to my wife which she will invest in equity.
Will her short/long term capital gain clubbed with my income?
Regards
Amit
Amit Gupta (Employee) (128 Points)
09 July 2009Hi,
I am planning to gift some amount to my wife which she will invest in equity.
Will her short/long term capital gain clubbed with my income?
Regards
Amit
rachit jain
(chartered accountant )
(635 Points)
Replied 09 July 2009
yes, any gain or loss arise on sale of share will be clubbed in your income
CA Shailesh +91 9393926464
(Chartered Accountant)
(2088 Points)
Replied 09 July 2009
Yes as per clubbing provisions
Fareeda_ICWAI INTER
(student)
(137 Points)
Replied 10 July 2009
Fareeda_ICWAI INTER
(student)
(137 Points)
Replied 10 July 2009
yaa.... i agree... i wil b clubbed 2 ur income.......
CA CS Bhumika Thakkar
(CA,CS)
(1618 Points)
Replied 10 July 2009
| Originally posted by :Vinay Saraf | ||
| " | yes it will get clubbed it the ur income | " |
kevanna
(software engineer)
(32 Points)
Replied 10 July 2009
what if husband is non resident for that financial year, will any profit/loss resulting due to it be still considered as husband's income.
Gokul
(Asst. Manager Costing)
(339 Points)
Replied 28 August 2009
what will be if such equity shares sale after two years and the assesy not informed such thing at the time of filling that years Return?
llllVICTORllll
(Internal Auditor)
(511 Points)
Replied 28 August 2009
but what if the wife is also an assessee under the income tax act, with a PAN number and she hsa delcared that dealing in shares is one of her source of income... would the Clubbing provision apply there too? even though for the relevant year her income doesnot go cross the exemption limit
would the answer be different if her income goes above the exemption limit
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