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Regarding capital gain tax

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(Querist)
24 December 2013 one of my client received shares as gift from her uncle, now she wants to transfer those shares as a gift to her mother. Now, my question is what is the cost of shares to her mother.
Is my client is need to pay capital gain tax.
IF cost of uncle is the cost to her mother, plz provide any reference section or case law
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 December 2013 then cost to uncle shall be cost to her mother.
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Hari Prasad.K

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Hari Prasad.K (Querist)
25 December 2013 Thank you,can you provide any case law or reference section,need.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 December 2013 Refer sec 49(1) for more clarification it says cost ot prev owner shall cost to assessee in case of gifts.
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