ECB convesion
This query is : Resolved
18 September 2007
What are the income tax implecation while converting ECBs into equity shares?
19 September 2007
Going through the provisions I do not find any implication because loan is converted into equity.
Instead of repayment of the ECB shares are alloted.
If I am wrong send me a PM.
Instead of repayment of the ECB shares are alloted.
If I am wrong send me a PM.
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