https://www.taxtmi.com/manuals?id=961 Transfer of a capital asset by an individual or a Hindu undivided family under a gift, will or irrevocable trust is treated as not regarded as a transfer. The transferee takes the previous owner's acquisition cost, including any cost of improvement, and the previous owner's period of holding is also carried forward. An exception applies to employee-allotted shares, debentures or warrants under a notified ESOP scheme that are gifted, in which case the gift is treated as a transfer and the market value at the time of gift is the sale consideration. en-us Tue, 25 Aug 2015 17:21:00 +0530 Tue, 16 Jun 2026 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=961 Transfer of a capital asset by an individual or a Hindu undivided family under a gift, will or irrevocable trust is treated as not regarded as a transfer. The transferee takes the previous owner's acquisition cost, including any cost of improvement, and the previous owner's period of holding is also carried forward. An exception applies to employee-allotted shares, debentures or warrants under a notified ESOP scheme that are gifted, in which case the gift is treated as a transfer and the market value at the time of gift is the sale consideration. Manuals Income Tax Tue, 25 Aug 2015 17:21:00 +0530 https://www.taxtmi.com/manuals?id=961