https://www.taxtmi.com/acts?id=19580 Section 47 is amended to expand exempt transfer provisions for amalgamation, demerger, and mutual fund consolidation. The amendment covers transfers of shares of a foreign company deriving substantial value from shares of an Indian company, subject to shareholder-continuity conditions and the requirement that the transfer not attract capital gains tax in the country of incorporation. It also exempts unit transfers in mutual fund scheme consolidation, subject to specified scheme-merge conditions and defined terms. en-us Thu, 07 May 2015 12:49:56 +0530 Mon, 15 Jun 2026 12:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19580 Section 47 is amended to expand exempt transfer provisions for amalgamation, demerger, and mutual fund consolidation. The amendment covers transfers of shares of a foreign company deriving substantial value from shares of an Indian company, subject to shareholder-continuity conditions and the requirement that the transfer not attract capital gains tax in the country of incorporation. It also exempts unit transfers in mutual fund scheme consolidation, subject to specified scheme-merge conditions and defined terms. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 12:49:56 +0530 https://www.taxtmi.com/acts?id=19580