https://www.taxtmi.com/acts?id=18645 Two exclusions are added to the definition of transfer for capital gains: transfers of Government Securities carrying periodic interest, made outside India by a non-resident to another non-resident through an intermediary dealing in settlement of securities, are not treated as transfer; and transfers of shares of a special purpose vehicle to a business trust in exchange for units allotted by that trust are not treated as transfer. Statutory definitions for Government Security and special purpose vehicle are adopted from existing provisions. en-us Fri, 11 Jul 2014 15:42:38 +0530 Fri, 11 Jul 2014 15:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18645 Two exclusions are added to the definition of transfer for capital gains: transfers of Government Securities carrying periodic interest, made outside India by a non-resident to another non-resident through an intermediary dealing in settlement of securities, are not treated as transfer; and transfers of shares of a special purpose vehicle to a business trust in exchange for units allotted by that trust are not treated as transfer. Statutory definitions for Government Security and special purpose vehicle are adopted from existing provisions. Act-Rules Bills Fri, 11 Jul 2014 15:42:38 +0530 https://www.taxtmi.com/acts?id=18645