Definition Of Transfer under Capital Gain Tax
Transfer includes
- The sale, exchange or relinquishment of the asset or
- The extinguishment of any right there in or
- Compulsory acquisition the of under any law or
- Conversation of capital asset in to stock in trade or
- Allowing the possession of any immovable property to be taken or retain in part performance of a contract
- Any transaction which has the effect of transferring or enabling the enjoyment of immovable property
- the redemption of zero coupon bonds (ZCB)
NOTE
Transfer also includes disposing of or parting with an asset or interest therei9n or creating any interest in any asset in any manner whatsoever either directly or , absolutely or conditionally voluntarily or involuntarily by way of an agreement or otherwise.
