Section 47(via) - Transfer of shares held in an Indian company, by the amalgamating foreign company to the amalgamated foreign company

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..... - Income Tax - Ready Reckoner
Income Tax
Section 47(via):- Transfer of shares held in an Indian company, by the amalgamating foreign company to the amalgamated foreign company Section Transact .....

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..... ompany continue to remain shareholders of the amalgamated foreign company and * Such transfer does not attract tax on capital gains in the country, in which the amalgamating company is incorporated. .....

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