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Period of holding for 47(xa) capital assets?

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5 Points Posted on 21 August 2019
Should the period of holding for the original bond be ignored since there is no specific provision for the calculation of period of holding in Sec 2(42A) for the conversion of assets covered under Sec 115AC into shares/debentures of any company?
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On 21 August 2019 at 00:08 Report
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17264 Points Posted on 21 August 2019
47(xa) provides that transactions under this are not regarded as transfer and hence nothing contained in section 45 is applies
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On 21 August 2019 at 12:53


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