Conversion of specified bonds excluded from transfer rules; reverse mortgage transfers excluded under a notified government scheme. Excludes from the definition of transfer any conversion of bonds referred to in clause (a) of sub section (1) of section 115AC into shares or debentures, ... Summary
Conversion of specified bonds excluded from transfer rules; reverse mortgage transfers excluded under a notified government scheme.
Excludes from the definition of transfer any conversion of bonds referred to in clause (a) of sub section (1) of section 115AC into shares or debentures, and any transfer of a capital asset in a reverse mortgage transaction under a Central Government notified scheme.
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