If a company issues compulsory convertible preference shares to its share holders, and converts it at a later point of time into a equity shares, what is the income tax in the hands of the company ?
Whether any capital gains / PGBP income will arise ? If so, according to which section it is taxable / not taxable
Please let me know at the earliest
Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
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Arpan Bohra & Co
Hyderabad
CA Inter
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N N V Satish & Co.,
Hyderabad
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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CCI
Pro
CAclubindia
