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How Does Section 47 Provide Exemptions for Capital Gains in Corporate Mergers and Demergers? A Complete Guide

Corporate restructuring, including mergers, demergers, and the transfer of shares, are common business processes that help companies optimize operations, reduce costs, and increase value. However, such transactions often involve the transfer of significant assets, which can lead to complex

“What You Need to Know About Capital Gains Tax on Asset Transfers in Liquidation Under Section 47”

Section 47 of the Income Tax Act, 1961 provides specific provisions regarding the tax treatment of capital gains arising from the transfer of assets during the liquidation of a company or a firm. The liquidation process often involves the