GENERAL KNOWLEDGE

GK

TAXES IN INDIA

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The period of holding of shares acquired in exchange of convertible debentures shall be reckoned from:
A
The date of when the debentures were converted into shares
B
The date of holding of debentures
C
All of the above
D
None of these
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.

There is 1 question to complete.