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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Taxation on FCCBs - cost of acquisition in the hands of ...

Case Laws     Income Tax

April 2, 2019

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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