Tax neutral transfers

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....ax neutral transfers <br>Budget<br>Dated:- 5-2-2018<br><BR>Tax neutral transfers Section 47 provides for certain tax neutral transfers. Section 56 also excludes income arising out of certain tax neut....

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....ral transfers from its ambit. However, the transfers referred to in clause (iv) and clause (v) of section 47 have not been excluded from the scope of section 56. In order to further facilitate the tr....

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....ansaction of money or property between a wholly owned subsidiary company and its holding company, it is proposed to amend the section 56 so as to exclude such transfer from its scope. This amendment ....

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....will take effect, from 1st April, 2018 and shall accordingly, apply in relation to the transaction made on or after 1st April, 2018. [Clause 21]<BR> News - Press release - PIB....