Section 47(vii) - Transfer by a shareholder, in a scheme of amalgamation, of the shares held by him in the amalgamating company

Section 47(vii) - Transfer by a shareholder, in a scheme of amalgamation, of the shares held by him in the amalgamating company https://www.taxtmi.com/manuals?id=971 Transfer of shares by a shareholder in a scheme of amalgamation is treated as not regarded as a transfer where the amalgamated company is a domestic Indian company. The shares in the amalgamating company remain the capital asset involved, and the cost in the hands of the transferee is linked to the cost of acquisition of those shares. For period of holding, the period of the previous owner is also considered. en-us Wed, 26 Aug 2015 09:40:00 +0530 Thu, 28 May 2026 16:53:00 +0530 TaxTMI RSS Generator Section 47(vii) - Transfer by a shareholder, in a scheme of amalgamation, of the shares held by him in the amalgamating company https://www.taxtmi.com/manuals?id=971 Transfer of shares by a shareholder in a scheme of amalgamation is treated as not regarded as a transfer where the amalgamated company is a domestic Indian company. The shares in the amalgamating company remain the capital asset involved, and the cost in the hands of the transferee is linked to the cost of acquisition of those shares. For period of holding, the period of the previous owner is also considered. Manuals Income Tax Wed, 26 Aug 2015 09:40:00 +0530 https://www.taxtmi.com/manuals?id=971