https://www.taxtmi.com/manuals?id=966 A transfer of a capital asset, being a share of a foreign company that derives substantially its value from shares of an Indian company, is not regarded as a transfer in a scheme of amalgamation 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. In such cases, the transferee takes the cost of the previous owner and the previous owner's period of holding is also considered. en-us Tue, 25 Aug 2015 17:28:00 +0530 Sat, 13 Jun 2026 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=966 A transfer of a capital asset, being a share of a foreign company that derives substantially its value from shares of an Indian company, is not regarded as a transfer in a scheme of amalgamation 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. In such cases, the transferee takes the cost of the previous owner and the previous owner's period of holding is also considered. Manuals Income Tax Tue, 25 Aug 2015 17:28:00 +0530 https://www.taxtmi.com/manuals?id=966