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of <h1>Direct Taxes Code Bill 2009: Capital Gains on Investment Asset Transfers and Section 284 Compliance.</h1> Income from the transfer of investment assets is computed under 'Capital gains' as per the Direct Taxes Code Bill, 2009. It includes income from transfers where a parent company or nominee no longer holds all share capital of a subsidiary, or when an investment asset is converted into a business trading asset. It also covers income from transfers not complying with specific conditions in section 284. Additionally, it addresses amounts withdrawn or deposited under section 53, calculated using a formula involving deductions claimed, amounts withdrawn or deposited, and net consideration from the original asset transfer.
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