Taxation on FCCBs - cost of acquisition in the hands of non-resident Indian investors would be the...

Taxation on FCCBs - cost of acquisition in the hands of non-resident Indian investors would be the conversion price determined on the basis of the price of the shares on the date of conversion of FCCBs into shares (NSE price) - cost of acquisition of the shares as per clause 7(4) of the FCCB Scheme is tenable .....

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