https://www.taxtmi.com/acts?id=49517 Amendment inserts three demerger-related exceptions into section 47: tax-neutral treatment for capital asset transfers from a demerged company to a resulting Indian company; tax-neutral treatment for share transfers between demerged and resulting foreign companies subject to at least 75% shareholder continuity and non-recognition of capital gains in the country of incorporation, with specified reorganisation provisions not applying; and tax-neutral treatment for transfer or issue of shares by the resulting company to shareholders as consideration for the demerger. en-us Sat, 22 Feb 2025 10:57:43 +0530 Sat, 22 Feb 2025 10:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49517 Amendment inserts three demerger-related exceptions into section 47: tax-neutral treatment for capital asset transfers from a demerged company to a resulting Indian company; tax-neutral treatment for share transfers between demerged and resulting foreign companies subject to at least 75% shareholder continuity and non-recognition of capital gains in the country of incorporation, with specified reorganisation provisions not applying; and tax-neutral treatment for transfer or issue of shares by the resulting company to shareholders as consideration for the demerger. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:57:43 +0530 https://www.taxtmi.com/acts?id=49517