TMI BlogIncome from certain transfers not to be treated as capital gainsX X X X Extracts X X X X X X X X Extracts X X X X ..... ibution of any investment asset on the total or partial partition of a Hindu undivided family; (b) gift, or transfer under an irrevocable trust, of any investment asset, other than sweat equity share; (c) transfer of any investment asset by a company to its subsidiary company, if— (i) the parent company or its nominees hold the whole of the share capital of the subsidiary c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the amalgamated or resulting foreign company, if - (i) the transfer is effected under a scheme of amalgamation or demerger, as the case may be; and (ii) the transfer does not attract tax on capital gains in the country, in which the amalgamating or demerged company is incorporated; (g) transfer of shares of a predecessor by a shareholder under a scheme of business reor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pose; (j) transfer by way of conversion of any bonds or debentures, debenture-stock or deposit certificates in any form, of a company into shares or debentures of that company; (k) transfer by way of convernsion of foreign exchange convertible bond of a company into shares or debenture of any company; (l) transfer of any securities, if- (i) the transfer is effected un ..... X X X X Extracts X X X X X X X X Extracts X X X X
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