Sir, I received rs 41120 after 10 yrs investment of 10000 in L&T infrastructure bond .
Is Rs 21120 is chargeable as Long term capital gain or just income as interest added to income?
Sunil M (Professor) (5 Points)
10 September 2021Sir, I received rs 41120 after 10 yrs investment of 10000 in L&T infrastructure bond .
Is Rs 21120 is chargeable as Long term capital gain or just income as interest added to income?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170902 Points)
Replied 11 September 2021
When hold for 5 years or more, the gain is long term capital gain. Read the attached catalog.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
