Bonds /debenture sold before interest accrued
This query is : Resolved
06 January 2025
Bonds/Debentures sold before interest accrued , whether before maturity interest is taxable hands of seller for the period of before interest maturity period.
Dhirajlal Rambhia
(Expert)
07 January 2025
No. It gets its effect in price; as such results in capital gain.
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