Saturday, November 28, 2020

Cost of shares acquired on conversion of bonds to be determined on basis of price prevailing on BSE or NSE

INCOME TAX : Where bonds were issued under FCCB scheme and converted into shares, conversion price was to be determined on basis of price of shares at stock exchanges, namely, BSE or NSE and same was to be adopted as cost of acquisition

from www.taxmann.com Latest Case Laws https://ift.tt/2Vc9X0o
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