Section 47(xiiia) - Transfer of membership right in a stock exchange

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..... xiiia) :- Transfer of membership right in a stock exchange Section Transaction not regarded as transfer Transferor u/s 2(47) Transferee u/s 2(47) Capital Asset involved u/s 2(14) 47(xiiia) Any transfe .....

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..... gnised Stock Exchange. The cost of capital asset shall be NIL (i) Cost of Acquisition of equity share allotted shall be the Cost to acquire membership (ii) Cost of Acquisition of Trading/clearing righ .....

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