We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Capital gains inclusion clarified: specified transfers and failures to meet post-transfer conditions trigger taxable capital gains. Capital gains include income from transfer of investment assets and specifically cover situations where, within a prescribed period, a parent ceases to hold subsidiary share capital or the transferee converts the asset into a business trading asset; failures to comply with conditions attached to certain transfer exemptions or to deductions for withdrawals, deposits or other conditional deductions also result in recapture as capital gains.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Capital gains inclusion clarified: specified transfers and failures to meet post-transfer conditions trigger taxable capital gains.</h1> Capital gains include income from transfer of investment assets and specifically cover situations where, within a prescribed period, a parent ceases to hold subsidiary share capital or the transferee converts the asset into a business trading asset; failures to comply with conditions attached to certain transfer exemptions or to deductions for withdrawals, deposits or other conditional deductions also result in recapture as capital gains.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
