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Delhi HC Rules On Gains From CCD Transfers

Published on Tue, Aug 05,2014 | 21:22, Updated at Tue, Aug 05 at 21:22Source : Moneycontrol.com 

The Delhi High Court (“HC”) in disposing off a writ petition against the ruling by the Authority for Advance Ruling (“AAR”) has held that the gains arising on transfer of Compulsorily Convertible Debenture (“CCD”) does not partake the nature of the interest and should be treated as capital gains. For more please read the attached report by BMR Advisors.

Disclaimer: The information/opinions expressed in this report/newsletter are those of the author. This website has not verified the accuracy of the claims made in the report/newsletter, nor does it agree or disagree with, or endorse any information/opinions contained therein.

Attachments : BMR-Edge-Tax-Regulatory-Transfer-of-CCDs-Vol-9-Issue-8_1.pdf
 
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