https://www.taxtmi.com/acts?id=3604 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. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 18:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3604 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. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3604