1) In case of Buying RBI direct retail G sec securities from RBI direct retail platform from open market ,and when these are again not resold in RBI direct retail platform, but matured on maturity, then., will it be long term or short term capital gain??
because if directly allotted by RBI issue and matured on maturity then only int. is taxable as FD int.
You are right Maheshji..In a scenario explained by you of GSEC being purchased from RBI direct retail and repaid on maturity, no capital gain will be applicable. Simply any interest paid in between will be taxable.
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