https://www.taxtmi.com/forum/issue?id=121191 The cost of acquisition of gifted unlisted equity shares arises as an income-tax issue where a private discretionary trust sells shares received by gift from its settlor. The settlor had himself received the shares as a gift from his mother. The question is whether, in calculating gains on the trust's sale, the cost attributable to the original owner may be claimed, even though that owner precedes the settlor in the chain of ownership. The applicable tax treatment is not determined. en-us Thu, 05 Nov 2026 15:19:33 +0530 Thu, 05 Nov 2026 15:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121191 The cost of acquisition of gifted unlisted equity shares arises as an income-tax issue where a private discretionary trust sells shares received by gift from its settlor. The settlor had himself received the shares as a gift from his mother. The question is whether, in calculating gains on the trust's sale, the cost attributable to the original owner may be claimed, even though that owner precedes the settlor in the chain of ownership. The applicable tax treatment is not determined. Discussion-Forum Income Tax Thu, 05 Nov 2026 15:19:33 +0530 https://www.taxtmi.com/forum/issue?id=121191