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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
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