Amendment to Section 47: New Rules for Capital Gains Tax on Gifts w.e.f 1st April 2025

Last updated: 26 July 2024 Follow on Google News

Amendment of Section 47 Section 47 of the Act provides exclusion to certain transactions not regarded as transfer for the purposes of chargeability under 'Capital Gains' under section 45. 2. Clause (iii) of section 47 provides that nothing contained in section 45 shall apply to any transfer of a

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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