https://www.taxtmi.com/article/detailed?id=12855 Amendment limits the non transfer treatment for dispositions under a gift, will or an irrevocable trust to transfers effected by an individual or a Hindu undivided family, narrowing the prior scope that permitted gifts by any person/entity to be exempt from capital gains. The change generates uncertainty over whether nominations that operate on death qualify under the exemption and prompts a recommendation to amend nomination forms or obtain separate written declarations of gift accepted by nominees to avoid disputes. en-us Fri, 16 Aug 2024 08:36:10 +0530 Fri, 16 Aug 2024 08:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12855 Amendment limits the non transfer treatment for dispositions under a gift, will or an irrevocable trust to transfers effected by an individual or a Hindu undivided family, narrowing the prior scope that permitted gifts by any person/entity to be exempt from capital gains. The change generates uncertainty over whether nominations that operate on death qualify under the exemption and prompts a recommendation to amend nomination forms or obtain separate written declarations of gift accepted by nominees to avoid disputes. Articles Income Tax Fri, 16 Aug 2024 08:36:10 +0530 https://www.taxtmi.com/article/detailed?id=12855