Complete list of certain transactions not regarded as Transfer - Section 47

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.....e.f. 01.04.2025 ] Except ESOP * Note : a) This clause shall not apply to transfer under gift or an irrevocable trust of share, debenture or warrants alloted by company to employee under ESOPs.            b) As per sixth proviso to section 48 FMV on the date of transfer (date of GIFT or irrevocable trust) shall be treated as FVOC of such shares, debentures or warrants. * Section 47(iv) - Transfer of capital assets by holding to 100% subsidiary if subsidiary is Indian Company * Section 47(v) - Transfer of capital assets by 100% subsidiary to holding,  if holding is Indian Company Transfer Under Amalgamation : * Section 47(vi) - Transfer in scheme of amalgamation if a....

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..... to shareholders of demerged Co. Transfer in case of Non-Resident: * Section 47(viia) - Bond/GDR referred u/s 115AC outside India - By one NR to another NR, outside India. * Section 47(viiaa) - Rupee denominated bond of an Indian Co. - By one NR to another NR, outside India. * Section 47(viib) - Govt. Securities periodic payment of interest - By one NR to another NR, outside India through an intermediary dealing in settlement of securities. * Section 47(viiab) - a) Bonds or GDR referred to in Section 115AC * b) Derivative * c) RDB of Indian Co. * d) Such other securities as may be notified by Central Government [ Notification No : 16/2020 ] * - Foreign currency denominated bond ....

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.... corporatization or demutualisation scheme approved by SEBI. * Sec 47(xiiia) - Transfer of membership rights for acquisition of shares & trading/clearing right in that RSE - Transfer made as per the Corporatization or demutualisation scheme approved by SEBI * (i) Cost of Acquisition of equity share allotted shall be the Cost to acquire membership * (ii) Cost of Acquisition of Trading/clearing right shall be NIL. * Period of holding shall be reckoned from date of his membership in RSE. * Sec 47(xiiib) - Conversion of Unlisted Public Co./Private Co. into LLP, following conditions to be fulfilled :-  * a) All assets & liabilities transfer to LLP. * b) All shareholder become partners an....

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....Section 47(xb) - Conversion of Preference Share of a company into Equity Share of same Company, following points has to consider :- * Cost of Acquisition of equity share received on conversion shall be the cost of that part of preferance share which is so converted. * Period of holding of equity share shall also include the period for which preference shares held by the assessee. Other Points: * Section 47(viic) - Transfer of Sovereign Gold Bond issued by RBI under Sovereign Gold Bond Scheme 2015, by way of redemption by the assessee being an Individual. * Section 47(viid) - any transfer of a capital asset, being conversion of gold into Electronic Gold Receipt issued by a Vault Manager, or conversion o....

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...., archaeological, manuscript, books, photograph or print to Govt. University, National Museum, National Art Gallery, National Archives, Any public museum as notified institutions. * Section 47(xii) - Transfer of land by Sick Industrial Company which is being managed by its worker's co-operative under a scheme sanctioned u/s SICA 1985, during the period starting from PY in which it become sick and ending with PY in which Net Worth become more than Accumulated Loss. * Section 47(xvi) - Transfer of capital asset under reversed mortgage under a scheme made and notified by Central Government. * Section 47(xvii) - Transfer of share of SPV to a Business Trust in exchange of units of the Trust. * Section 47(vica) - Transf....