Is capital gain applicable on redemption of debentures ?
and if redeemed bedore Due date ?
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redemption of debentures
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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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