Income from certain transfers not to be treated as capital gains

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..... nvestment asset on the total or partial partition of a Hindu undivided family; (b) gift, or transfer under an irrevocable trust, of any investment asset, other than sweat equity share; (c) transfer of any investment asset by a company to its subsidiary company, if— (i) the parent company or its nominees hold the whole of the share capital of the subsidiary company, (ii) the subsidiary .....

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..... fected under a scheme of amalgamation or demerger, as the case may be; and (ii) the transfer does not attract tax on capital gains in the country, in which the amalgamating or demerged company is incorporated; (g) transfer of shares of a predecessor by a shareholder under a scheme of business reorganisation, if- (i) the transfer is made in consideration of the allotment to the shareholder .....

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..... form, of a company into shares or debentures of that company; (k) transfer by way of convernsion of foreign exchange convertible bond of a company into shares or debenture of any company; (l) transfer of any securities, if- (i) the transfer is effected under a scheme for lending of any securities; and (ii) the scheme is framed in accordance with the guidelines issued by the Securities a .....

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