Redemption of Sovereign Gold Bond: not treated as transfer for individuals; mutual fund plan consolidations and LLP conversion conditions also excluded. Section 47 is amended to exclude from 'transfer' (i) redemption of Sovereign Gold Bonds by individuals, (ii) certain company-to-LLP conversions subject to an asset-value condition in the three preceding years, and (iii) exchanges of units by unit holders from a consolidating plan to a consolidated plan within the same mutual fund scheme, with definitions supplied for consolidating plan, consolidated plan and mutual fund; amendments effective from 1st April, 2017.