https://www.taxtmi.com/acts?id=49069 Exemption from taxation as capital gains is withdrawn where an asset previously not charged as capital gains is converted into or treated as stock-in-trade by the transferee, or where the parent or holding company ceases to hold the whole share capital of the subsidiary within eight years; in such cases the profits or gains are deemed chargeable as capital gains in the tax year the event occurs. Comparable deeming rules apply where prescribed continuity conditions for successor treatment of capital or intangible asset transfers are not complied with, charging the successor entity or relevant shareholder with capital gains. en-us Fri, 14 Feb 2025 16:40:07 +0530 Fri, 14 Feb 2025 16:40:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49069 Exemption from taxation as capital gains is withdrawn where an asset previously not charged as capital gains is converted into or treated as stock-in-trade by the transferee, or where the parent or holding company ceases to hold the whole share capital of the subsidiary within eight years; in such cases the profits or gains are deemed chargeable as capital gains in the tax year the event occurs. Comparable deeming rules apply where prescribed continuity conditions for successor treatment of capital or intangible asset transfers are not complied with, charging the successor entity or relevant shareholder with capital gains. Act-Rules Bills Fri, 14 Feb 2025 16:40:07 +0530 https://www.taxtmi.com/acts?id=49069