Capital Gains - conversion of preference shares of a company into equity shares of that company shall also not be regarded as transfer - Budget 2017-18 w.e.f. AY 2018-19

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... section 47. THE FINANCE BILL, 2017 - Bill - Act-Rules - FAQ - Dated:- 3-2-2017 - Clause - 023 - Amendment of section 47. THE FINANCE BILL, 2017 Clause 23 of the Bill seeks to amend sec .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of a company into shares or debentures of that company is not regarded as transfer. It is also proposed to insert a new clause (xb) in the said section so as to provide that the conversion of pref .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X