As per the Income-tax Law, gain arising on transfer of capital asset is charged to tax under the head “Capital gains”. What constitutes ‘transfer’ as per Income-tax Law?

As per the Income-tax Law, gain arising on transfer of capital asset is charged to tax under the head “Capital gains”. What constitutes ‘transfer’ as per Income-tax Law? https://www.taxtmi.com/manuals?id=4137 The document explains that transfer for capital gains taxation is a broad concept covering sale, exchange, relinquishment, extinguishment of rights, compulsory acquisition, conversion into stock in trade, and maturity or redemption of zero coupon bonds, and also includes permitting possession in part performance and any transaction effecting disposal, enjoyment, creation or alteration of any interest in an asset. en-us Mon, 25 Dec 2023 15:26:00 +0530 Mon, 25 Dec 2023 15:26:00 +0530 TaxTMI RSS Generator As per the Income-tax Law, gain arising on transfer of capital asset is charged to tax under the head “Capital gains”. What constitutes ‘transfer’ as per Income-tax Law? https://www.taxtmi.com/manuals?id=4137 The document explains that transfer for capital gains taxation is a broad concept covering sale, exchange, relinquishment, extinguishment of rights, compulsory acquisition, conversion into stock in trade, and maturity or redemption of zero coupon bonds, and also includes permitting possession in part performance and any transaction effecting disposal, enjoyment, creation or alteration of any interest in an asset. Manuals Income Tax Mon, 25 Dec 2023 15:26:00 +0530 https://www.taxtmi.com/manuals?id=4137