Transfers not regarded as transfer: specified corporate reorganisations, amalgamations, demergers, conversions and certain non-resident securities dealings exempt from capital gains. Section 47 specifies categories of transfers that are not treated as "transfer" for capital gains tax purposes. Core exemptions include distributions on ... Summary
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Transfers not regarded as transfer: specified corporate reorganisations, amalgamations, demergers, conversions and certain non-resident securities dealings exempt from capital gains.
Section 47 specifies categories of transfers that are not treated as "transfer" for capital gains tax purposes. Core exemptions include distributions on partition of a Hindu undivided family; transfers under gift, will or irrevocable trust; intra-group transfers between parent and wholly owned subsidiary; transfers in schemes of amalgamation, demerger and business reorganisation subject to continuity and tax treatment conditions; and specified transfers of bonds, GDRs, rupee denominated bonds, derivatives and other notified securities by non residents on recognised IFSC exchanges or between non residents outside India.
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