https://www.taxtmi.com/acts?id=36793 The amendment expands the section 47 non-recognition rule to include transfers by a specified fund on a recognised IFSC stock exchange for consideration in convertible foreign exchange, adds derivatives and empowers notification of other securities, and inserts explanations defining "securities", "specified fund" (Category III AIF located in an IFSC, deriving income solely in convertible foreign exchange with units held by non-residents), "trust", "unit" and "convertible foreign exchange"; effective 1st April, 2020. en-us Fri, 05 Jul 2019 15:33:55 +0530 Fri, 19 Jul 2019 12:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36793 The amendment expands the section 47 non-recognition rule to include transfers by a specified fund on a recognised IFSC stock exchange for consideration in convertible foreign exchange, adds derivatives and empowers notification of other securities, and inserts explanations defining "securities", "specified fund" (Category III AIF located in an IFSC, deriving income solely in convertible foreign exchange with units held by non-residents), "trust", "unit" and "convertible foreign exchange"; effective 1st April, 2020. Act-Rules Bill Fri, 05 Jul 2019 15:33:55 +0530 https://www.taxtmi.com/acts?id=36793