https://www.taxtmi.com/manuals?id=1586 Conversion of preference shares of a company into equity shares of the same company is treated as a transaction not regarded as a transfer for capital gains purposes. The cost in the hands of the transferee is linked to the relevant part of the cost of the preference shares, and the period of holding of the equity shares includes the period for which the preference shares were held by the assessee. en-us Fri, 23 Jun 2017 14:17:00 +0530 Tue, 16 Jun 2026 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1586 Conversion of preference shares of a company into equity shares of the same company is treated as a transaction not regarded as a transfer for capital gains purposes. The cost in the hands of the transferee is linked to the relevant part of the cost of the preference shares, and the period of holding of the equity shares includes the period for which the preference shares were held by the assessee. Manuals Income Tax Fri, 23 Jun 2017 14:17:00 +0530 https://www.taxtmi.com/manuals?id=1586