Section 47(xx) - any transfer of a capital asset, being an interest in a joint venture, held by a public sector company - Income Tax - Ready Reckoner - Income Tax

Section 47(xx) :- any transfer of a capital asset, being an interest in a joint venture, held by a public sector company [ inserted by FA 2023 ] Section Transaction not regarded as transfer 47(xx) any transfer of a capital asset, being an interest in a joint venture, held by a public sector company, in exchange of shares of a company incorporated outside India by the Government of a foreign State, in accordance with the laws of that foreign State. NOTE:- For the purposes of this clause, joint venture shall mean a business entity, as may be notified by the Central Government in the Official Gazette.