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Tax on bonds.
I had purchased bonds in secondary market @ ₹1080 about 18 months back. I recieved monthly interest on these bonds @ 12%per annum. The bonds matured in last financial year at face value of ₹1000. Is ₹1080-₹1000 a long term capital loss? While the monthly interest to be considered as other income?
Replies (1)
1. Yes, if period of holding more than 3 years.
2. Yes interest taxable u/h. IFOS.
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