https://www.taxtmi.com/acts?id=6900 Interest on Foreign Currency Convertible Bonds before conversion is subject to deduction of tax at source; dividends on the converted portion are likewise subject to deduction of tax at source. Conversion of such bonds into shares does not give rise to any capital gains liable to income-tax in India. Transfers of these bonds made outside India by a non-resident investor to another non-resident investor do not give rise to any capital gains liable to tax in India. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 05 Mar 2009 12:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6900 Interest on Foreign Currency Convertible Bonds before conversion is subject to deduction of tax at source; dividends on the converted portion are likewise subject to deduction of tax at source. Conversion of such bonds into shares does not give rise to any capital gains liable to income-tax in India. Transfers of these bonds made outside India by a non-resident investor to another non-resident investor do not give rise to any capital gains liable to tax in India. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6900