I want to transfer my stocks to my wifes account. I have been holding thos shares for more than a year now. will she be subjected to capital gain tax if sold in a month or so?
Dear C M Naik, From ur post, i feel u want to transfer money (u r using shares to transfer money) from ur hand to ur wife`s hand & later on u `ll use this money to generate taxable/non taxable income under ur wife`s name.
This way u want to avoid Tax liability (as & when it occurs) if u use the share sell money under ur own name to invest in FDs or STCGs etc.
Since the holding period is already more than 1 year, there is no problem on taxation front. For ur own good, it`s advisable to prepare a gift deed on a plain paper to avoid future problems.
| NIFTY 
