Amendment of section 115ACA

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..... onvertible bonds of issuing company occuring at the end, the following shall be substituted, namely:- issued to investors against the issue of,- (i) ordinary shares of issuing company, being a company listed on a recognised stock exchange in India; or (ii) foreign currency convertible bonds of issuing company; . - Clause 28 of the Bill seeks to amend section 115ACA of the .....

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..... rs against the issue of,- (i) ordinary shares of issuing company, being a company listed on a recognised stock exchange in India; or (ii) foreign currency convertible bonds of issuing company. This amendment will take effect from 1st April, 2016 and will, accordingly, apply in relation to assessment year 2016-17 and subsequent assessment years. - statute, statutory provisions legislation, .....

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