https://www.taxtmi.com/forum/issue?id=120573 The recipient of gifted equity mutual fund units inherits the transferor's cost of acquisition and holding period, enabling long term status based on the original purchase date. Grandfathering applies by permitting the use of the fair market value at the statutory valuation date as the cost of acquisition where that FMV exceeds the original price, thereby reducing taxable long term capital gains under the preferential LTCG regime for equity funds. en-us Fri, 31 Oct 2025 05:14:47 +0530 Sat, 13 Dec 2025 17:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120573 The recipient of gifted equity mutual fund units inherits the transferor's cost of acquisition and holding period, enabling long term status based on the original purchase date. Grandfathering applies by permitting the use of the fair market value at the statutory valuation date as the cost of acquisition where that FMV exceeds the original price, thereby reducing taxable long term capital gains under the preferential LTCG regime for equity funds. Discussion-Forum Income Tax Fri, 31 Oct 2025 05:14:47 +0530 https://www.taxtmi.com/forum/issue?id=120573