GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The period of holding of shares acquired in exchange of convertible debentures shall be reckoned from:
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The date of when the debentures were converted into shares
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The date of holding of debentures
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All of the above
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None of these
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Explanation:
Detailed explanation-1: -Note: Unlisted shares and immovable property (being land or building or both) held for not more than 24 months immediately prior to the date of transfer shall be treated as short-term capital asset.
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