Any transfer of capital asset, being a Govt. security made outside India, by a non-resident to another non-resident - (New) Section 70(1)(s) / (Old) Section 47(viib)

Any transfer of capital asset, being a Govt. security made outside India, by a non-resident to another non-resident - (New) Section 70(1)(s) / (Old) Section 47(viib) https://www.taxtmi.com/manuals?id=973 Transfer of a capital asset consisting of a Government security carrying periodic interest is not regarded as a transfer when made outside India through an intermediary dealing in settlement of securities and both transferor and transferee are non-residents. The current provision is section 70(1)(s) of the Income Tax Act, 2025, effective from 01.04.2026. The corresponding earlier provision is section 47(viib) of the Income Tax Act, 1961. en-us Wed, 26 Aug 2015 09:42:00 +0530 Mon, 15 Jun 2026 17:04:00 +0530 TaxTMI RSS Generator Any transfer of capital asset, being a Govt. security made outside India, by a non-resident to another non-resident - (New) Section 70(1)(s) / (Old) Section 47(viib) https://www.taxtmi.com/manuals?id=973 Transfer of a capital asset consisting of a Government security carrying periodic interest is not regarded as a transfer when made outside India through an intermediary dealing in settlement of securities and both transferor and transferee are non-residents. The current provision is section 70(1)(s) of the Income Tax Act, 2025, effective from 01.04.2026. The corresponding earlier provision is section 47(viib) of the Income Tax Act, 1961. Manuals Income Tax Wed, 26 Aug 2015 09:42:00 +0530 https://www.taxtmi.com/manuals?id=973