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  • Capital Gains Tax on Conversion of Compulsorily Convertible Preference Shares – The Current Scenario

    Capital Gains Tax on Conversion of Compulsorily Convertible Preference Shares – The Current Scenario

    The question of taxability on conversion of compulsorily convertible preference shares (CCPS) has come up for consideration quite a few times in the recent past. There seemed to be ambiguity regarding whether an event of conversion amounts to ‘transfer’ under

    AS
    By Avaneesh Satyang almost 5 years ago
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