Income-tax Act, 1961
Section - 47 - Transactions not regarded as transfer
Transactions not regarded as transfer.47. Nothing contained in section 45 shall apply to the following transfers :-
| (i) | - | any distribution of capital assets on the total or partial partition of a Hindu undivided family; |
| (ii) | - | [***] |
| 43[(iii) | - | any transfer of a capital asset by an individual or a Hindu undivided family, under a gift or will or an irrevocable trust;] |
| (iv) | - | any transfer of a capital asset by a company to its subsidiary company, if- |
| (a) | - | .... To read the full section download the app from Google Play store
24 October 2026
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