# The Finance Act, 2008, Section 14: Amendment of section 47

- Act: The Finance Act, 2008
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2008/section/14/

## Text

Amendment of section 47. 14. In section 47 of the Income-tax Act,— (a ) after clause (x), the following clause shall be inserted, namely:— "(xa) any transfer by way of conversion of bonds referred to in clause (a) of sub-section (1) of section 115AC into shares or debentures of any company;"; (b ) after clause (xv), the following clause shall be inserted, namely:— "(xvi) any transfer of a capital asset in a transaction of reverse mortgage under a scheme made and notified by the Central Government.". © Copyright. Taxmann Publications Pvt. Ltd.

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