https://www.taxtmi.com/forum/issue?id=112456 Transfer by gift or by will is not treated as a "transfer" for capital gains under section 47, so vesting of assets in beneficiaries by will or gift does not itself trigger capital gains tax; section 168 separately places on the executor the duty to administer the deceased's assets and to pay tax on the deceased's income and gains before distributing the remainder to beneficiaries. en-us Thu, 27 Jul 2017 19:24:59 +0530 Thu, 23 Jan 2025 15:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112456 Transfer by gift or by will is not treated as a "transfer" for capital gains under section 47, so vesting of assets in beneficiaries by will or gift does not itself trigger capital gains tax; section 168 separately places on the executor the duty to administer the deceased's assets and to pay tax on the deceased's income and gains before distributing the remainder to beneficiaries. Discussion-Forum Income Tax Thu, 27 Jul 2017 19:24:59 +0530 https://www.taxtmi.com/forum/issue?id=112456