When convertible preference shares are converted into equity shares and sold,
Period of holding is taken from Date of acquisition of convertible preference shares.
Does the same apply to convertible debentures?
And of what year will the cost inflation index be?
Date of conversion or Original date of acquisition of convertible debentures/pref shares?
period of holding is taken from the date of acquisition of convertible debentures / preference shares
the cost of acquisition of converted share = cost of acquisition for such convertible debentures / preference shares
the benefit of indexation will not apply to long term capital gains arising from the transfer of bonds and debentures
- except
1. capital indexed bonds issued by the government; OR
2. sovereign gold bond issued by RBI under the sovereign gold bond scheme, 2015
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