Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Transfers not regarded as transfer: specified corporate reorganisations, amalgamations, demergers, conversions and certain non-resident securities dealings exempt from capital gains. Section 47 specifies categories of transfers that are not treated as 'transfer' for capital gains tax purposes. Core exemptions include distributions on partition of a Hindu undivided family; transfers under gift, will or irrevocable trust; intra-group transfers between parent and wholly owned subsidiary; transfers in schemes of amalgamation, demerger and business reorganisation subject to continuity and tax treatment conditions; and specified transfers of bonds, GDRs, rupee denominated bonds, derivatives and other notified securities by non residents on recognised IFSC exchanges or between non residents outside India.
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.
Transfers not regarded as transfer: specified corporate reorganisations, amalgamations, demergers, conversions and certain non-resident securities dealings exempt from capital gains.
Section 47 specifies categories of transfers that are not treated as "transfer" for capital gains tax purposes. Core exemptions include distributions on partition of a Hindu undivided family; transfers under gift, will or irrevocable trust; intra-group transfers between parent and wholly owned subsidiary; transfers in schemes of amalgamation, demerger and business reorganisation subject to continuity and tax treatment conditions; and specified transfers of bonds, GDRs, rupee denominated bonds, derivatives and other notified securities by non residents on recognised IFSC exchanges or between non residents outside India.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
