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of <h1>Clause 70 of Income Tax Bill 2025 exempts specific transactions from capital gains tax, including family partitions and certain reorganizations.</h1> Clause 70 of the Income Tax Bill, 2025, specifies transactions that are not considered transfers of capital assets for capital gains taxation. These include the distribution of assets during partition of a Hindu undivided family, transfers under a will, gift, or trust, and certain company reorganizations like amalgamations and demergers. It also covers transactions involving non-residents, such as those on international stock exchanges, and conversions of financial instruments. Transfers involving government securities, public sector companies, and specific funds or trusts are also exempt. Definitions for terms used in these provisions are provided in the accompanying table.
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