Amendment of section 47

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....  '(viib) any transfer of a capital asset, being a Government Security carrying a periodic payment of interest, made outside India through an intermediary dealing in settlement of securities, by a non-resident to another non-resident.           Explanation.--For the purposes of this clause, "Government Security" shall have the meaning assigned t....

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....s transfer.           The existing provision contained in section 47 provides that certain transactions shall not be considered as transfer for the purpose of charging capital gains.           It is proposed to insert a new clause (viib) in the said section so as to provide that any transfer of a capita....