https://www.taxtmi.com/acts?id=45968 Two exclusions added to Section 47 exclude from capital gains (i) transfers of capital assets by the amalgamating company to the amalgamated company where the amalgamated company is an Indian company, and (ii) transfers by a shareholder of shares in the amalgamating company where the transfer is in consideration of allotment of shares in the amalgamated company and that amalgamated company is an Indian company. en-us Mon, 09 Dec 2024 21:38:43 +0530 Mon, 09 Dec 2024 21:38:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45968 Two exclusions added to Section 47 exclude from capital gains (i) transfers of capital assets by the amalgamating company to the amalgamated company where the amalgamated company is an Indian company, and (ii) transfers by a shareholder of shares in the amalgamating company where the transfer is in consideration of allotment of shares in the amalgamated company and that amalgamated company is an Indian company. Act-Rules F. Acts / Amendment Acts Mon, 09 Dec 2024 21:38:43 +0530 https://www.taxtmi.com/acts?id=45968