As per the Income-tax Law, gain arising on transfer of capital asset is charged to tax under the head “Capital gains”. What constitutes ‘transfer’ as per Income-tax Law?

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..... me Tax - Frequently Asked Questions (FAQs) - Income Tax - Manuals - Ans. Generally, transfer means sale, however, for the purpose of Income-tax Law Transfer , in relation to a capital asset, inclu .....

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..... on which has the effect of transferring an (or enabling the enjoyment of) immovable property; or viii. Disposing of or parting with an asset or any interest therein or creating any interest in any .....

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