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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Section 47(vicc) - Transfer of capital assets in a demerger, being a share of a foreign company

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Full Text of the Document

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....Tax<br>Section 47(vicc):- Transfer of capital assets in a demerger, being a share of a foreign company Section Transaction not regarded as transfer 47(vicc) (Applicable from AY 2016-17) ....

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Full Text of the Document

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....mpany should become shareholders in the resulting foreign company; • The above transaction does not attract tax on capital gains in the country, in which the demerged company is incorpora....

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