Tax on non-interest bearing debenture

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2014
We have a debentures which bears no interest but a lumpsum amount shall be paid on redemption. What shall be tax treatment?

CS,CA F,Numrologi TusharSampat (Expert)
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30 July 2014 not taxable if its capital amount but int is taxable.

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2014
There is no interest payable on this but a lumpsum on redemption.

CS,CA F,Numrologi TusharSampat (Expert)
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30 July 2014 then its capital amount u getting back then its not taxabel.

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