Capital gain on debenture

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Hello , please help me out with following.

Mr.X sold his debentures on 31-12-2010 for Rs.45,000/- which were purchased in Sept.2008 for Rs.55000/-

What will be the CApital GAin i.e. short-term or long-term?? How will it be indexed?

Thanks in advance.

Replies (1)

As the sale price is less than Purchase price there will not be any capital gain.


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