https://www.taxtmi.com/manuals?id=976 Any transfer by way of conversion of bonds referred to in section 115AC(1)(a) into shares or debentures of a company is treated as a transaction not regarded as a transfer for capital gains purposes. The cost of the shares or debentures in the hands of the transferee is the cost of the original bonds, and the period of holding of the previous owner is not considered. en-us Wed, 26 Aug 2015 09:45:00 +0530 Thu, 28 May 2026 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=976 Any transfer by way of conversion of bonds referred to in section 115AC(1)(a) into shares or debentures of a company is treated as a transaction not regarded as a transfer for capital gains purposes. The cost of the shares or debentures in the hands of the transferee is the cost of the original bonds, and the period of holding of the previous owner is not considered. Manuals Income Tax Wed, 26 Aug 2015 09:45:00 +0530 https://www.taxtmi.com/manuals?id=976