https://www.taxtmi.com/manuals?id=969 Transfer of a capital asset in a demerger, being a share of a foreign company that derives substantial value from shares of an Indian company, is treated as not a transfer when the shareholding continuity and foreign capital gains tax conditions are satisfied. The resulting foreign company takes the cost at which the previous owner acquired the property, and the specified Companies Act reconstruction provisions are stated not to apply to such demergers. en-us Tue, 25 Aug 2015 17:38:00 +0530 Mon, 15 Jun 2026 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=969 Transfer of a capital asset in a demerger, being a share of a foreign company that derives substantial value from shares of an Indian company, is treated as not a transfer when the shareholding continuity and foreign capital gains tax conditions are satisfied. The resulting foreign company takes the cost at which the previous owner acquired the property, and the specified Companies Act reconstruction provisions are stated not to apply to such demergers. Manuals Income Tax Tue, 25 Aug 2015 17:38:00 +0530 https://www.taxtmi.com/manuals?id=969