Conversion of CCPS to equity shares isn't a transfer under IT Act Sec 2(47); no capital gain additions apply.

Conversion of CCPS to equity shares isn't a transfer under IT Act Sec 2(47); no capital gain additions apply. https://www.taxtmi.com/highlights?id=42759 Computation of capital gain - Addition on account of conversion of cumulative and compulsory convertible preference shares (CCPS) into equity shares treating the same as transfer u/s 2(47) - Such conversion cannot be treated as transfer - no additions. en-us Mon, 19 Nov 2018 11:16:14 +0530 Mon, 19 Nov 2018 11:16:14 +0530 TaxTMI RSS Generator Conversion of CCPS to equity shares isn't a transfer under IT Act Sec 2(47); no capital gain additions apply. https://www.taxtmi.com/highlights?id=42759 Computation of capital gain - Addition on account of conversion of cumulative and compulsory convertible preference shares (CCPS) into equity shares treating the same as transfer u/s 2(47) - Such conversion cannot be treated as transfer - no additions. Highlights Income Tax Mon, 19 Nov 2018 11:16:14 +0530 https://www.taxtmi.com/highlights?id=42759