Capital Gain
This query is : Resolved
CA.Pravinchandra
(Querist)
03 September 2010
If a Company issues Shares or Debenture at discount and Redeems it, at premium after 10 years then the difference is treated as Long term Capital Loss..?
Aditya Maheshwari
(Expert)
03 September 2010
yes
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CA.Pravinchandra
(Querist)
03 September 2010
Sir my doubt is whether difference between Face value and redeemable value has to taken into account or entire difference.?
Aditya Maheshwari
(Expert)
03 September 2010
sales - cost is considered as gains. It has nothing to do with face value.
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