Securities lending transactions excluded from transfer treatment for capital gains when regulated by SEBI or RBI guidelines. A transfer of securities under a lending scheme is not regarded as a transfer for capital gains purposes when the arrangement is entered into with the borrower and is subject to guidelines issued by the Securities and Exchange Board of India or the Reserve Bank of India. The provision applies to qualifying agreements or arrangements for lending of securities and excludes such transfers from the capital gains transfer charge. The transferee's cost of acquisition is the value at which the transfer takes place.
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.
Securities lending transactions excluded from transfer treatment for capital gains when regulated by SEBI or RBI guidelines.
A transfer of securities under a lending scheme is not regarded as a transfer for capital gains purposes when the arrangement is entered into with the borrower and is subject to guidelines issued by the Securities and Exchange Board of India or the Reserve Bank of India. The provision applies to qualifying agreements or arrangements for lending of securities and excludes such transfers from the capital gains transfer charge. The transferee's cost of acquisition is the value at which the transfer takes place.
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