https://www.taxtmi.com/acts?id=47998 The amendment exempts from capital gains tax transfers in a scheme of amalgamation where shares in an Indian company move from an amalgamating foreign company to the amalgamated foreign company provided shareholder continuity is maintained and the transfer is untaxed in the amalgamating company's country; it also exempts offshore transfers of specified bonds or shares between non-residents; and it expands the conversion provision to cover bonds as well as debentures, deemed effective from the earlier operative date. en-us Tue, 28 Jan 2025 12:30:33 +0530 Tue, 28 Jan 2025 12:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47998 The amendment exempts from capital gains tax transfers in a scheme of amalgamation where shares in an Indian company move from an amalgamating foreign company to the amalgamated foreign company provided shareholder continuity is maintained and the transfer is untaxed in the amalgamating company's country; it also exempts offshore transfers of specified bonds or shares between non-residents; and it expands the conversion provision to cover bonds as well as debentures, deemed effective from the earlier operative date. Act-Rules F. Acts / Amendment Acts Tue, 28 Jan 2025 12:30:33 +0530 https://www.taxtmi.com/acts?id=47998