Capital Gain on Market Linked Debentures
This query is : Open
28 November 2023
I had invested X amount in MLD in August 22, the maturity of the same was November 23. Total Period of holding 15 Months approx. Now on maturity the proceeds are credited to my bank account.
I want to know, how the gain will be taxed. Will it be taxed @ 10% as the same is purchased before 31st March 23. or at some other rate.
I want to know, how the gain will be taxed. Will it be taxed @ 10% as the same is purchased before 31st March 23. or at some other rate.
20 January 2024
From 1st April 2023, as per the changes brought in the Union Budget 2023, any capital gains on MLDs on sale, maturity or redemption will be treated as short term capital gain, irrespective of the holding period and listing status, and hence will be taxed as per the investors tax slab.
https://www.wintwealth.com/blog/market-linked-debentures/#:~:text=However%2C%20from%201st%20April%202023,per%20the%20investors%20tax%20slab.
https://www.wintwealth.com/blog/market-linked-debentures/#:~:text=However%2C%20from%201st%20April%202023,per%20the%20investors%20tax%20slab.
Message likes :
1 times
02 March 2024
Thank you for the reply. But what will be the scenario if the same was purchased before 01.04.2023 & redeemed/matured after 01.04.2023
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
