Section 47(xvii) - Any transfer of a capital asset, being share of a Special Purpose Vehicle (SPV) to a business trust - Income Tax - Ready Reckoner - Income Tax

Section 47(xvii) :- Any transfer of a capital asset, being share of a Special Purpose Vehicle (SPV) to a business trust Section Transaction not regarded as transfer Capital asset involved What is the cost in the hands of transferee If the transferee subsequently transfers the asset, whether period of holding by the previous owner should be included 47(xvii) Any transfer of a capital asset, being share of a Special Purpose Vehicle (SPV) to a business trust in exchange of units allotted by that trust to the transferor. Shares of SPV The COA of units of Business Trust in hands of shareholder of SPV shall be cost at which shares are acquired by them in SPV. The period for which shares were held by shareholders in SPV shall also be considered.