Any transfer of bonds or GDR referred to in Sec. 115AC, made outside India by a Non-Resident to another Non-resident - (New) Section 70(1)(p) / (Old) Section 47(viia)
Capital Gains - Certain transactions not regarded as Transfer
Contents
Acts
Plus +
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Capital gains treatment for offshore non-resident transfers of bonds and GDRs remains excluded from transfer taxation. Transfer of bonds or Global Depository Receipts by a non-resident to another non-resident, when made outside India, is treated as a transaction not ... Summary
Capital gains treatment for offshore non-resident transfers of bonds and GDRs remains excluded from transfer taxation.
Transfer of bonds or Global Depository Receipts by a non-resident to another non-resident, when made outside India, is treated as a transaction not regarded as a transfer for capital gains purposes. The provision applies to the relevant bonds or GDRs and is confined to non-resident transferor and non-resident transferee situations. The transferee's cost is linked to the prevailing market price on a recognised stock exchange on the date the redemption request is made.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
