Any transfer of bonds or GDR referred to in Sec. 115AC, made outside India by a Non-Resident to another Non-resident - (New) Section 70(1)(p) / (Old) Section 47(viia)

Any transfer of bonds or GDR referred to in Sec. 115AC, made outside India by a Non-Resident to another Non-resident - (New) Section 70(1)(p) / (Old) Section 47(viia) https://www.taxtmi.com/manuals?id=972 Transfer of bonds or Global Depository Receipts by a non-resident to another non-resident, when made outside India, is treated as a transaction not regarded as a transfer for capital gains purposes. The provision applies to the relevant bonds or GDRs and is confined to non-resident transferor and non-resident transferee situations. The transferee's cost is linked to the prevailing market price on a recognised stock exchange on the date the redemption request is made. en-us Wed, 26 Aug 2015 09:41:00 +0530 Mon, 15 Jun 2026 13:20:00 +0530 TaxTMI RSS Generator Any transfer of bonds or GDR referred to in Sec. 115AC, made outside India by a Non-Resident to another Non-resident - (New) Section 70(1)(p) / (Old) Section 47(viia) https://www.taxtmi.com/manuals?id=972 Transfer of bonds or Global Depository Receipts by a non-resident to another non-resident, when made outside India, is treated as a transaction not regarded as a transfer for capital gains purposes. The provision applies to the relevant bonds or GDRs and is confined to non-resident transferor and non-resident transferee situations. The transferee's cost is linked to the prevailing market price on a recognised stock exchange on the date the redemption request is made. Manuals Income Tax Wed, 26 Aug 2015 09:41:00 +0530 https://www.taxtmi.com/manuals?id=972