Capital Gain

Dhruvesh Shah (partner) (443 Points)

09 March 2010  

If a Central Govt. Co. redeems the Redeemable Prefrence shares then what is the nature of "TRANSFER"????

a) Sale

b) Relinguishment

c) Extinguishment of Rights or

d) Compulsary Acquisition.

Plz give me the cross refrence of Section as well as the Best Judgement