https://www.taxtmi.com/manuals?id=964 Transfer of shares held in an Indian company by an amalgamating foreign company to an amalgamated foreign company in a scheme of amalgamation is treated as a transaction not regarded as transfer if at least 25% of the shareholders of the amalgamating foreign company continue as shareholders of the amalgamated foreign company and the transfer does not attract capital gains tax in the country of incorporation of the amalgamating company. The cost in the hands of the transferee is the cost to the previous owner, and the previous owner's period of holding is also taken into account. en-us Tue, 25 Aug 2015 17:25:00 +0530 Thu, 28 May 2026 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=964 Transfer of shares held in an Indian company by an amalgamating foreign company to an amalgamated foreign company in a scheme of amalgamation is treated as a transaction not regarded as transfer if at least 25% of the shareholders of the amalgamating foreign company continue as shareholders of the amalgamated foreign company and the transfer does not attract capital gains tax in the country of incorporation of the amalgamating company. The cost in the hands of the transferee is the cost to the previous owner, and the previous owner's period of holding is also taken into account. Manuals Income Tax Tue, 25 Aug 2015 17:25:00 +0530 https://www.taxtmi.com/manuals?id=964