Capital gain on sale of debentures
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2011
The assessee has sold debentures at a profit
Whether it is taxable as CApital gain or Income from other sources?
If it is capital gain, any benefit for indexation @ 10% or 20% Any compulsion for indexation?
Any other exemption available u/s 54 of the IT Act
Whether it is taxable as CApital gain or Income from other sources?
If it is capital gain, any benefit for indexation @ 10% or 20% Any compulsion for indexation?
Any other exemption available u/s 54 of the IT Act
07 October 2011
Capital gain is applicable & indexation is not available on sale of debentures.
Exemption u/s 54EC & 54F can be availed depending upon the nature of Capital gain whether LTCG or STCG.
Exemption u/s 54EC & 54F can be availed depending upon the nature of Capital gain whether LTCG or STCG.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2011
Thanx
One more querry:
If the assessee does not get the indexation,
tax rate will be 10% or 20%
One more querry:
If the assessee does not get the indexation,
tax rate will be 10% or 20%
07 October 2011
10%..... as indexation is not available...
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