Taxation on infrastructure bonds bought in 2011/12

Ramakrishna C (Finance Professional) (32 Points)

28 July 2019  

I bought L&T Infrastructure bonds (Series 2011B) worth Rs 20,000 in Jan 2012. I exercised the 7 year buyback option and got a net consideration of Rs 34,905 in Jan 2019 (total value Rs 36,561 less 10% TDS of Rs 1656). My queries are:

1) Whether this should be classified as Income of other sources or Income from Capital Gains for the year FY2018-19?

2) If it is Capital Gains, whether indexation benefit is available or not ?

3) Which fields/section needs to be filled in ITR 2 for this transaction?

Thanks in advance ! smiley