https://www.taxtmi.com/acts?id=45953 The amendment defines amalgamation to mean a company merger where all assets and liabilities vest in the amalgamated company and shareholder continuity is ensured by shareholders holding a specified minimum value of shares becoming shareholders of the amalgamated company, excluding mere purchases or distributions on winding up. It also adopts a rates in force concept linking tax-rate references to the relevant Finance Act for calculation and deduction purposes, and extends the capital gains holding-period rules to include the period shares were held in the amalgamating company when shares are received in consideration under the specified transfer exemption. en-us Mon, 09 Dec 2024 21:18:34 +0530 Mon, 09 Dec 2024 21:19:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45953 The amendment defines amalgamation to mean a company merger where all assets and liabilities vest in the amalgamated company and shareholder continuity is ensured by shareholders holding a specified minimum value of shares becoming shareholders of the amalgamated company, excluding mere purchases or distributions on winding up. It also adopts a rates in force concept linking tax-rate references to the relevant Finance Act for calculation and deduction purposes, and extends the capital gains holding-period rules to include the period shares were held in the amalgamating company when shares are received in consideration under the specified transfer exemption. Act-Rules F. Acts / Amendment Acts Mon, 09 Dec 2024 21:18:34 +0530 https://www.taxtmi.com/acts?id=45953