https://www.taxtmi.com/manuals?id=968 Transfer of shares held in an Indian company by a demerged foreign company to the resulting foreign company is treated as a transaction not regarded as a transfer for capital gains purposes where the transfer forms part of a scheme of demerger and the transaction does not attract capital gains tax in the country of incorporation of the demerged company. The resulting foreign company becomes the transferee of the shares, and the cost of acquisition in its hands is taken as the amount by which the original cost of acquisition of the shares in the demerged company exceeds the cost of acquisition of the shares of the resulting company. en-us Tue, 25 Aug 2015 17:31:00 +0530 Thu, 28 May 2026 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=968 Transfer of shares held in an Indian company by a demerged foreign company to the resulting foreign company is treated as a transaction not regarded as a transfer for capital gains purposes where the transfer forms part of a scheme of demerger and the transaction does not attract capital gains tax in the country of incorporation of the demerged company. The resulting foreign company becomes the transferee of the shares, and the cost of acquisition in its hands is taken as the amount by which the original cost of acquisition of the shares in the demerged company exceeds the cost of acquisition of the shares of the resulting company. Manuals Income Tax Tue, 25 Aug 2015 17:31:00 +0530 https://www.taxtmi.com/manuals?id=968