https://www.taxtmi.com/manuals?id=978 Any transfer of membership rights in a recognised stock exchange is treated as not a transfer when made under an approved demutualisation or corporatisation scheme for acquisition of shares and trading or clearing rights. The provision excludes such transactions from capital gains treatment, with the membership right taken at NIL cost, the allotted equity shares valued at the cost of acquiring membership, and the trading or clearing right treated as NIL cost. en-us Wed, 26 Aug 2015 09:56:00 +0530 Thu, 28 May 2026 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=978 Any transfer of membership rights in a recognised stock exchange is treated as not a transfer when made under an approved demutualisation or corporatisation scheme for acquisition of shares and trading or clearing rights. The provision excludes such transactions from capital gains treatment, with the membership right taken at NIL cost, the allotted equity shares valued at the cost of acquiring membership, and the trading or clearing right treated as NIL cost. Manuals Income Tax Wed, 26 Aug 2015 09:56:00 +0530 https://www.taxtmi.com/manuals?id=978