Section 47(ix) - Any transfer of a capital asset, being any work of art, book, drawing, painting and photograph to the Govt. - Income Tax - Ready Reckoner - Income Tax

Section 47(ix) :- Any transfer of a capital asset, being any work of art, book, drawing, painting and photograph to the Govt. Section Transaction not regarded as transfer Transferor u/s 2(47) Transferee u/s 2(47) Capital asset involved u/s 2(14) 47(ix) Transfer made to Government University, National Museum, National Art Gallery, National Archives and any other institution of national importance as notified by the Central Government Any person Government University, National Museum, National Art Gallery, National Archives etc work of Art, Archaeological, Scientific or Art collection, Books, Manuscripts, Drawings, Paintings, photographs, printings