Transfer of Government Security by one non-resident to another non-resident - THE FINANCE (No. 2) BILL, 2014

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Transfer of Government Security by one non-resident to another non-resident - THE FINANCE (No. 2) BILL, 2014
News and Press Release
Dated:- 13-7-2014

Transfer of Government Security by o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ne non-resident to another non-resident The existing provision contained in section 47 of the Act provides that certain transactions shall not be considered as transfer for the purpose of charging o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f capital gains. With a view to facilitate listing and trading of Government securities outside India, it is proposed to insert clause (viib) in the said section so as to provide that any transfer o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f a capital asset, being a Government Security carrying a periodic payment of interest, made outside India through an intermediary dealing in settlement of securities, by a non-resident to another non .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -resident shall not be considered as transfer for the purpose of charging capital gains. This amendment will take effect from 1st April, 2015 and will, accordingly, apply in relation to assessment y .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ear 2015-16 and subsequent assessment years. [Clause 18]
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X