Neha Gupta (1 Points)
29 May 2017If deep discount bonds are sold before maturity they attract LTCG tax instead of interest income if held till maturity.
Kindly advise on how to execute the sale of deep discount bonds? The bonds are held in physical form?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 30 May 2017
Check if the issuing authority converts it in dematerialized form, and whether the same are traded on any exchange. I have doubt. Generally redemption is the only option.
Refer: https://blog.bankbazaar.com/deep-discount-bond-a-retail-investment-option/
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