Transfer by way of conversion of preference shares of a company to its equity shares - (New) Section 70(1)(zb) / (Old) Section 47(xb)

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.... ] 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)(zb) Transfer by way of conversion of preference shares of a company into equity shares of that company; Preference shares Holder of company Preference shares Holder of company Preference Shar....