Section 47(viaa) - Transfer of capital assets in a scheme of amalgamation of a banking company with a banking institution - Income Tax - Ready Reckoner - Income Tax

Section 47(viaa) :- Transfer of capital assets in a scheme of amalgamation of a banking company with a banking institution Section Transaction not regarded as transfer Transferor u/s 2(47) Transferee u/s 2(47) Capital asset involved u/s 2(14) What is the cost in the hands of transferee Period of Holding 47(viaa) Transfer of capital assets in a scheme of amalgamation of a banking company with a banking institution brought into force by the Central Government u/s 45(7) of Banking Regulation Act, 1949 Banking Company u/s 5(c) of Banking regulation Act, 1949 Banking Institution u/s 45(15) of Banking Regulation Act, 1949 any capital asset Cost to the previous owner/transferor Banking company POH of previous owner shall also be considered