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RE:Transfer of shares
by Amitabh on Apr 06, 2007 02:28 PM

I think the answer is very clear in the article itself.If an individual transfers an asset to his wife, who in turn, sells it for a profit, then the capital gains accrued is charged to the husband.Till the shares remain with the wife,there is no question of any capital gain but when the shares are sold by the wife,the capital gain,if any,will be charged to the husband.





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Can you club income to save tax?