Determination of cost of specified transfers u/s 49 - in case of conversion of preference shares of a company into equity shares of that company - Budget 2017-18 w.e.f. AY 2018-19

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..... ndment of section 49. THE FINANCE BILL, 2017 - Bill - Act-Rules - FAQ - Dated:- 3-2-2017 - Clause - 025 - Amendment of section 49. THE FINANCE BILL, 2017 Clause 25 of the Bill seeks to .....

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..... of the asset shall be deemed to be the cost of the preference share in relation to which such asset is acquired by the assessee. These amendments will take effect from 1st April, 2018 and will, a .....

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