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of <h1>Certain Transactions Exempt from Capital Gains Under Direct Taxes Code Bill, 2009: Includes Gifts, Trusts, Reorganizations, More</h1> Income from specific transactions is excluded from capital gains computation under the Direct Taxes Code Bill, 2009. These include distribution of investment assets during Hindu undivided family partition, gifts or irrevocable trust transfers, and transfers between parent and subsidiary companies if certain conditions are met. Transfers during business reorganizations, between foreign companies under amalgamation or demerger, and specific transfers by non-residents are also exempt. Additionally, transfers involving works of art to recognized institutions, conversions of bonds into shares, securities lending, company liquidations, and transfers under a will are not treated as capital gains.
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