https://www.taxtmi.com/manuals?id=961 Transfer of a capital asset by way of gift, will or irrevocable trust is not regarded as a transfer for capital gains purposes. The transferee generally takes the cost to the previous owner, and the previous owner's period of holding is also carried forward. An exception applies where an employee gifts shares, debentures or warrants allotted under a notified ESOP scheme, in which case the gift is treated as a transfer and market value at the time of gift is taken as the sale consideration. en-us Tue, 25 Aug 2015 17:21:00 +0530 Thu, 28 May 2026 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=961 Transfer of a capital asset by way of gift, will or irrevocable trust is not regarded as a transfer for capital gains purposes. The transferee generally takes the cost to the previous owner, and the previous owner's period of holding is also carried forward. An exception applies where an employee gifts shares, debentures or warrants allotted under a notified ESOP scheme, in which case the gift is treated as a transfer and market value at the time of gift is taken as the sale consideration. Manuals Income Tax Tue, 25 Aug 2015 17:21:00 +0530 https://www.taxtmi.com/manuals?id=961