31 August 2013
can any gain from redemption of debentures considered as capital gain in the hands of debenture holder?
for eg: if i got Rs 12000/- as gain from redemption of debentures (sale consideration is Rs.42000/- and cost was 30000/-).whether it is a capital gain(long term)or premium on redemption?
kindly reply with the tax applicability of the same.
CAclubindia
