Period of holding in case of Conversion
This query is : Open
01 October 2010
Dear all,
pls suggest :
If Cummulative Convertible Preference shares converted into eq.shares of the same co. then for the purpose of period of holding for calculating Cap gains, which date shud be considered. ?
Whether date of original purchase of Cummulative Convertible Pref shares or the date of conversion..
Kindly provide relevant section supporting your suggestion.
pls suggest :
If Cummulative Convertible Preference shares converted into eq.shares of the same co. then for the purpose of period of holding for calculating Cap gains, which date shud be considered. ?
Whether date of original purchase of Cummulative Convertible Pref shares or the date of conversion..
Kindly provide relevant section supporting your suggestion.
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