Section 47(x) - Any transfer by way of conversion of bonds or debentures of a company into the shares or debentures of that company - Income Tax - Ready Reckoner - Income Tax

Section 47(x): - Any transfer by way of conversion of bonds or debentures of a company into the shares or debentures of that company Section Transaction not regarded as transfer Transferor u/s 2(47) Transferee u/s 2(47) Capital asset involved What is the cost in the hands of transferee Period of holding 47(x) Any transfer by way of conversion of bonds or debentures or debenture stock or deposit certificates of a company into the shares or debentures of that company. company company bonds or debentures or debenture stock or deposit certificates of a company Cost of shares would be cost of bonds/ debentures POH of previous owner shall not be considered.