Is there indexation benefit for Debentures? What if we convert those to Shares?
2 Replies
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 02 March 2012
Hi Annoj,
No Benefit of Indexation for Bonds or Debentures is available.
Although Conversion of Bonds or Debentures into Shares is exempted transfer u/s 47(xii).
Regards,
Prateek Agarwal
Anooj
(Chartered Accountant)
(2130 Points)
Replied 02 March 2012
thank u for the information Mr.Prateek Agarwal
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