Section 47(via) - Transfer of shares held in an Indian company, by the amalgamating foreign company to the amalgamated foreign company

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.... Income Tax - Ready Reckoner<br>Income Tax<br>Section 47(via):- Transfer of shares held in an Indian company, by the amalgamating foreign company to the amalgamated foreign company Section Transacti....

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....mpany continue to remain shareholders of the amalgamated foreign company and * Such transfer does not attract tax on capital gains in the country, in which the amalgamating company is incorporated. ....