FCEB Taxation

[Posted by Umakanth Varottil]

In an earlier post on this blog, we analysed foreign currency convertible bonds (FCEBs). Although there was nothing on this count in the Finance Minister’s budget speech, the Finance Bill contains provisions clarifying the taxation position on FCEBs and the shares that arise out of conversion.

Today’s Hindu Business Line carries an article describing the Finance Bill provisions on FCEBs.