https://www.taxtmi.com/manuals?id=976 Conversion of specified bonds purchased in foreign currency into shares or debentures of a company is a transaction not regarded as a transfer for capital gains purposes. The rule applies to notified Indian company bonds and bonds of a public sector company sold by the Government. For the transferee, the cost of acquisition is limited to the relevant portion of the original cost, and the previous owner's period of holding is not considered. en-us Wed, 26 Aug 2015 09:45:00 +0530 Tue, 16 Jun 2026 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=976 Conversion of specified bonds purchased in foreign currency into shares or debentures of a company is a transaction not regarded as a transfer for capital gains purposes. The rule applies to notified Indian company bonds and bonds of a public sector company sold by the Government. For the transferee, the cost of acquisition is limited to the relevant portion of the original cost, and the previous owner's period of holding is not considered. Manuals Income Tax Wed, 26 Aug 2015 09:45:00 +0530 https://www.taxtmi.com/manuals?id=976