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Options
-
Consolidation of mutual funds
Correct answer
- B
Transfer of assets by a company holding 65% shares of another company
- C
Assets received under a revocable contract
- D
Transfer of Rupee Denominated Bond of an Indian Company by a resident person to a non-resident person
Why this is the answer
Consolidation of mutual fund units is not considered a transfer under tax law, so it does not attract capital gains tax.
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