Save Tax on Bharat Bond April 2023 again repurchased as April 2025

This query is : Resolved

Kapil Khanna (Querist)
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23 July 2024 Hi Experts,

I bought Bharat Bond April 2023 in May 2020.
Unfortunately, I was forced to sell in April 2023 because the term got over.
NOTE: I did not want to sell and incur Short Term Capital Gain. The tax is quite high. (May 2020 to April 2023 is just under 3 years)
So, I immediately bought Bharat Bond April 2025 (exact consideration amount), hoping to make it a Long Term Investment (which was the initial intention)

Now my AIS shows Short Term Gains due to Sale of Bharat Bond 2023.
I want to show Long Term Capital Gain when I sell Bharat Bond 2025 in FY 2024-25.

Please suggest how I can save tax.

Thanks,
Kapil

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 July 2024 Repurchase of these bond doesn't mean continuation of earlier investment.
They are two different events. One is sell which is independent of new purchase.