Capital Gains - conversion of preference shares of a company into equity shares of that company shall also not be regarded as transfer - Budget 2017-18 w.e.f. AY 2018-19

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....section 47. THE FINANCE BILL, 2017<br>Bill <br>Act-Rules<br>Dated:- 3-2-2017<br>Clause - 023 - Amendment of section 47. THE FINANCE BILL, 2017 Clause 23 of the Bill seeks to amend section 47 of the....

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.... or debentures of that company is not regarded as transfer. It is also proposed to insert a new clause (xb) in the said section so as to provide that the conversion of preference shares of a company ....