https://www.taxtmi.com/circulars?id=5133 The scheme permits an approved intermediary to lend deposited securities to a borrower for a specified period while title rests with the borrower and the lender receives fees; agreements must cover period, fees, collateral, return and dispute resolution. Because shares of the same company are fungible, receiving back an equivalent number of shares (even with different distinctive numbers) does not constitute an exchange of different assets and therefore does not amount to a transfer under the Income-tax Act for capital gains purposes. en-us Mon, 10 Feb 1997 00:00:00 +0530 Sat, 09 Aug 2008 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5133 The scheme permits an approved intermediary to lend deposited securities to a borrower for a specified period while title rests with the borrower and the lender receives fees; agreements must cover period, fees, collateral, return and dispute resolution. Because shares of the same company are fungible, receiving back an equivalent number of shares (even with different distinctive numbers) does not constitute an exchange of different assets and therefore does not amount to a transfer under the Income-tax Act for capital gains purposes. Circulars Income Tax Mon, 10 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5133