If I transfer stock/funds from my account to my spouse account using CSDL Easiest portal, will there be any Tax implications for my spouse. per my understanding gift or transfer within family there is no tax implication for receiver if it is within family. please confirm
Hey @Venkatesh_Gandham,
As spouse is covered under the definition of relatives as per the IT Act, gifts received would not be taxable.
However, in this case clubbing will be applicable when such shares are sold.
In many jurisdictions, transferring stocks or funds between spouses is often considered a non-taxable event, especially if the transfer is considered a gift or part of a family arrangement. However, tax laws vary depending on the country and region, so it’s essential to consult with a tax advisor or financial expert familiar with the specific regulations in your area. They can provide accurate guidance on any potential tax implications for your spouse related to the transfer of assets.