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    <title>Amendment of section 47.</title>
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    <description>The Income-tax Act is amended, effective 1 April 2018, by inserting clause (viiaa) covering transfers outside India of rupee denominated bonds of an Indian company issued outside India between non-residents, and clause (xb) covering transfers by conversion of preference shares into equity shares of the same company, thereby adding these specific transaction types to the statutory provision dealing with transfers.</description>
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      <description>The Income-tax Act is amended, effective 1 April 2018, by inserting clause (viiaa) covering transfers outside India of rupee denominated bonds of an Indian company issued outside India between non-residents, and clause (xb) covering transfers by conversion of preference shares into equity shares of the same company, thereby adding these specific transaction types to the statutory provision dealing with transfers.</description>
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