Cap gains & others

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Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2012 Does the term "substantial interest" have different meanings in different contexts?

what is the method & rate of capital gains tax on ZCB,debentures,units other than equity oriented fund if these are:
1.unlisted
2not sold thru recognised stock exchange(rse)
3.sold thru rse?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 July 2012 Different Contexts may be in relation to the assessee, who is popularly told as a person in the Act and the person may be Individual, Firm or a Company, or any of his relative.
.
The context may be in relation to the entity also, in which the person holds any interest.
.
In the Act the term "substantial interest" has been explained/ defined by providing suitable/applicable explanation in context to the particular sections and the meaning will apply according to the context.
.

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