Capital Gain

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Capital Gain
Query (Issue) Started By: - Siddharth Singh Dated:- 9-1-2013 Last Reply Date:- 21-3-2015 Income Tax
Got 1 Reply
Income Tax
A NRI is holding shares in Indian (Private) Company .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for more than 12 months. Now he wants to transfer 50% of his holding to his NRI wife. The same could be for consideration or by way of gift. My query is whether the NRI required to pay any tax in Ind .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ia if he gets any capital gain from the above if he (i) trasnfers it for consideration or (ii) transfer as gift . Also will he be required to file his tax return in India. Thanks Reply By Rama Kris .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... hana: The Reply: As per the provisions of Section 56 of the Income Tax, a Gift from husband to wife or wife to husband is not taxable.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X