Is capital gain applicable on redemption of debentures ?
and if redeemed bedore Due date ?
1 Replies
Nivedita
(SME - Finance)
(758 Points)
Replied 26 December 2018
A debenture is a capital asset. If you sell the debenture on the stock exchange before holding it for a year, it would be a short term capital gain – it would be included in your income and would be tax as per prevailing IT slabs. ... This LTCG should be calculated without indexation, and would be taxed at 10% of the gain. Check out for any latest finance bill amendments.
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