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of <h1>Section 47(vid) exempts share transfers in a demerger from being taxed, treating them as capital assets.</h1> Section 47(vid) of the Income Tax Act addresses the transfer or issuance of shares by a resulting company to the shareholders of a demerged company during a demerger. This transaction is not considered a transfer under the Income Tax Act. The shares issued are regarded as a capital asset, and the cost of acquisition for the transferee is proportionate to the shares in the demerged company. The period of holding for these shares includes the duration held by the previous owner.
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