Capital gain on non convertible debentures
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2011
is Long Term Capital gain on non convertible debentures eligible for indexation?
What is the rate of tax for Long Term Capital Gain on Non Convertible Debentures?
What is the rate of tax for Long Term Capital Gain on Non Convertible Debentures?
CA PARAS BAFNA
(Expert)
03 August 2011
INDEXATION WILL NOT BE ALLOWED.
LONG TERM MEANS HOLDING PERIOD IS MORE THAN 3 YEARS.
APPLICABLE TAX RATE FOR LTCG @20% OF CAPITAL GAINS.
LONG TERM MEANS HOLDING PERIOD IS MORE THAN 3 YEARS.
APPLICABLE TAX RATE FOR LTCG @20% OF CAPITAL GAINS.
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