https://www.taxtmi.com/acts?id=39338 Amendments to section 47 exempt from capital gains: transfers of capital assets and allotment of shares on conversion of a primary co-operative bank into a banking company, with "converted banking company" as defined in section 44DB; and transfers and corresponding allotments in a specified "relocation" where an "original fund" (a foreign collective investment vehicle meeting prescribed residence and investor protection conditions) transfers assets to a "resultant fund" (an Indian AIF registered and located in an IFSC). en-us Mon, 01 Feb 2021 16:42:48 +0530 Thu, 04 Feb 2021 14:42:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39338 Amendments to section 47 exempt from capital gains: transfers of capital assets and allotment of shares on conversion of a primary co-operative bank into a banking company, with "converted banking company" as defined in section 44DB; and transfers and corresponding allotments in a specified "relocation" where an "original fund" (a foreign collective investment vehicle meeting prescribed residence and investor protection conditions) transfers assets to a "resultant fund" (an Indian AIF registered and located in an IFSC). Act-Rules Bills Mon, 01 Feb 2021 16:42:48 +0530 https://www.taxtmi.com/acts?id=39338