Section 47(vib) - Transfer in a demerger of a capital asset by the demerged company to resulting company - Income Tax - Ready Reckoner - Income Tax

Section 47(vib) :- Transfer in a demerger of a capital asset by the demerged company to resulting company 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(vib) Any transfer in demerger, of a capital asset by the demerged company to resulting company provided that the resulting company is an Indian Company. Demerged Company Resulting Indian company Any capital asset Cost to the previous owner/demerged company POH of previous owner shall also be considered