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Capital gains on gift of Unlisted shares

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(Querist)
01 July 2022 A&B joint holders of unlisted shares since 2008. The entire holding was transferred in the name of A with a new broker. Now the issue of B having given up the title on these shares presumably 50% to A will it attract capital Gains. What will be the value of this transfer though no consideration is involved. Will Fair Market Value be considered for transfer and will it then attract capital Gains. If FMV will be considered where to obtain it from.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 July 2022 Get FMV as on the date of transfer from the Registrar of the company.
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