Any transfer by way of conversion of bonds purchased in foreign currency into shares or debentures of any company - (New) section 70(1)(za) / (Old) Section 47(xa)

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....any company Under Section 70(1)(za) of the Income Tax 2025 [ From 01.04.2026 ] Section Transaction not regarded as transfer Transferor Transferee Capital asset involved What is the cost in the hands of transferee Period of holding 70(1)(za) (za) by way of conversion of bonds referred to in section 209(1) (Table: Sl. No. 1) into shares or debentures of an....

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....st in the hands of transferee Period of holding 47(xa) Any transfer by way of conversion of bonds referred to in Section 115AC(1)(a) into shares or debentures of any company. Any person Any person (a) Bonds of an Indian company issued in accordance with such scheme as the Central Government may, by notification in the Official Gazette, specify in this behalf, or (b) Bonds ....