https://www.taxtmi.com/forum/issue?id=1990 Taxation of capital gains on shares allotted to partners after conversion depends on the allotment date and the allotment consideration, which establish the cost of acquisition and the base for indexation; the conversion does not create capital gain for the company, and the shareholder computes gains on sale using indexation from the allotment date while complying with any lock in transfer restrictions. en-us Mon, 14 Jun 2010 17:46:02 +0530 Thu, 23 Jan 2025 15:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1990 Taxation of capital gains on shares allotted to partners after conversion depends on the allotment date and the allotment consideration, which establish the cost of acquisition and the base for indexation; the conversion does not create capital gain for the company, and the shareholder computes gains on sale using indexation from the allotment date while complying with any lock in transfer restrictions. Discussion-Forum Income Tax Mon, 14 Jun 2010 17:46:02 +0530 https://www.taxtmi.com/forum/issue?id=1990