Sec 55(2)(b)(iv)(e)
This query is : Resolved
Gaurav Goel
(Querist)
21 August 2014
Kindly provide interpretation of Sec 55(2)(b)(iv)(e)
Nikhil Kaushik
(Expert)
21 August 2014
there is no section 55(2)(b)(iv)(e)!!
Gaurav Goel
(Querist)
22 August 2014
Sir,
Kindly guide me in one case where compulsorily convertible preference shares have been converted to equity at an agreed price lower than its FMP. will there be capital gain liability in the hands of assessee and if the assessee is non-resident will we need to deduct withholding tax on the capital gain arisen on this transaction?
Kindly guide me in one case where compulsorily convertible preference shares have been converted to equity at an agreed price lower than its FMP. will there be capital gain liability in the hands of assessee and if the assessee is non-resident will we need to deduct withholding tax on the capital gain arisen on this transaction?
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