Section 47(viib) - Any transfer of capital asset, being a Govt. security made outside India, by a non-resident to another non-resident - Income Tax - Ready Reckoner - Income Tax

Section 47(viib) :- Any transfer of capital asset, being a Govt. security made outside India, by a non-resident to another non-resident Section Transaction not regarded as transfer Transferor u/s 2(47) Transferee u/s 2(47) Capital asset involved u/s 2(14) 47(viib) Transfer of a capital asset, being a Government Security carrying a periodic payment of interest, made outside India through an intermediary dealing in settlement of securities Non-resident Non-resident Government Security carrying a periodic payment of interest Note:- For the purpose of this clause 'Government Security' shall have the meaning u/s 2(b) of Securities Contracts (Regulation) Act, 1956 .