https://www.taxtmi.com/manuals?id=978 Transfer of a capital asset consisting of a membership right held by a member of a recognised stock exchange in India, when made for acquisition of shares and trading or clearing rights under a demutualisation or corporatisation scheme approved by the Securities and Exchange Board of India, is treated as a transaction not regarded as a transfer under Section 47(xiiia). The cost of acquisition of the equity shares allotted is the cost to acquire the membership right, and the cost of acquisition of the trading or clearing right is NIL. en-us Wed, 26 Aug 2015 09:56:00 +0530 Tue, 16 Jun 2026 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=978 Transfer of a capital asset consisting of a membership right held by a member of a recognised stock exchange in India, when made for acquisition of shares and trading or clearing rights under a demutualisation or corporatisation scheme approved by the Securities and Exchange Board of India, is treated as a transaction not regarded as a transfer under Section 47(xiiia). The cost of acquisition of the equity shares allotted is the cost to acquire the membership right, and the cost of acquisition of the trading or clearing right is NIL. Manuals Income Tax Wed, 26 Aug 2015 09:56:00 +0530 https://www.taxtmi.com/manuals?id=978