Section 47(x) - Any transfer by way of conversion of bonds or debentures of a company into the shares or debentures of that company

Section 47(x) - Any transfer by way of conversion of bonds or debentures of a company into the shares or debentures of that company https://www.taxtmi.com/manuals?id=975 Conversion of bonds, debentures, debenture stock or deposit certificates of a company into that company's shares or debentures is covered by the non-recognition rule for transfer. In such cases, the company is treated as transferor and transferee, the cost of shares is taken as the cost of the original bonds or debentures, and the previous owner's period of holding is not considered. en-us Wed, 26 Aug 2015 09:44:00 +0530 Thu, 28 May 2026 17:13:00 +0530 TaxTMI RSS Generator Section 47(x) - Any transfer by way of conversion of bonds or debentures of a company into the shares or debentures of that company https://www.taxtmi.com/manuals?id=975 Conversion of bonds, debentures, debenture stock or deposit certificates of a company into that company's shares or debentures is covered by the non-recognition rule for transfer. In such cases, the company is treated as transferor and transferee, the cost of shares is taken as the cost of the original bonds or debentures, and the previous owner's period of holding is not considered. Manuals Income Tax Wed, 26 Aug 2015 09:44:00 +0530 https://www.taxtmi.com/manuals?id=975