(i) Transfer of long term debentures or bonds other than capital indexed bonds issued by the Government. [Proviso 3 to section 48].
(ii) Transfer of shares in or debentures of an Indian Company by a non-resident assessee [Proviso 2 to section 481.
(iii) Transfer of an undertaking or division (assets etc.) in slump sale [section 50B]
(iv) Transfer of units purchased in foreign currency [section 115 B].
(v) Global Depository Receipts (GDRs) or bonds purchased in foreign currency by a nonresident [section 115AC]
(vi) Global Depository Receipts (GDRs) or bonds purchased in foreign currency by any resident individual [section 115 ACA]
(vii) Securities (other than units referred to in section 1 15AB) purchased by Foreign Institutional Investors (His) [section 11 SAD)
(viii) Transfer of foreign exchange asset by a non-resident Indian [section 115D]
Important Points :
(i) The benefit of indexation of cost is available in respect of units or UTI or mutual funds.
(ii) Indexations of cost in not to be done while calculating gain or loss on depreciable asset as such gain/loss in always short term capital gain or loss.
(iii) No indexation of cost on transfer of any short term capital asset.