Mohammed Dalal (Chartered Accountant) (163 Points)
10 December 2009Hi all,
Whether a conversion of warrants into equity shares is charged to tax.u/s 45 ?
Please give reference of relevant case law
Thank you
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 10 December 2009
No it will not be regarded as a transfer U/s 47.
sowkhya
(articled assistant-CA Final(New))
(114 Points)
Replied 10 December 2009
agree wid prabeer. such conversion not regarded as transfer
Mohammed Dalal
(Chartered Accountant)
(163 Points)
Replied 10 December 2009
| Originally posted by :Mohammed Dalal | ||
| " |
Thanks for the reply But i would like to know is there any relevant case law as such |
" |
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