01 November 2024
Is interest earned from government bonds/bills invested through the RBI's retail direct platform considered "Income from Other Sources'" like FDs?
01 November 2024
On the RBI retail platform, a retail investor can buy 90/180/365 days treasury bills at a discount, and they mature at par, the difference being the interest earned. For example, T-bill bought at 98 would mature at 100. Would this difference be deemed as "Capital Gain" or "Income from other sources"? I suppose capital gain/loss would arise only when the bond is sold in the market.
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