https://www.taxtmi.com/manuals?id=969 Transfer of capital assets in a demerger, being a share of a foreign company, is treated as not being a transfer where the share derives substantially its value from shares of an Indian company and is transferred from the demerged foreign company to the resulting foreign company. The non-recognition applies only if persons holding at least 75% in value of the shares in the demerged foreign company become shareholders in the resulting foreign company, and the transaction does not attract capital gains tax in the country of incorporation of the demerged company. en-us Tue, 25 Aug 2015 17:38:00 +0530 Thu, 28 May 2026 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=969 Transfer of capital assets in a demerger, being a share of a foreign company, is treated as not being a transfer where the share derives substantially its value from shares of an Indian company and is transferred from the demerged foreign company to the resulting foreign company. The non-recognition applies only if persons holding at least 75% in value of the shares in the demerged foreign company become shareholders in the resulting foreign company, and the transaction does not attract capital gains tax in the country of incorporation of the demerged company. Manuals Income Tax Tue, 25 Aug 2015 17:38:00 +0530 https://www.taxtmi.com/manuals?id=969