Capital gain on sale of debentures

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2011 The assessee has sold debentures at a profit

Whether it is taxable as CApital gain or Income from other sources?

If it is capital gain, any benefit for indexation @ 10% or 20% Any compulsion for indexation?


Any other exemption available u/s 54 of the IT Act

07 October 2011 Capital gain is applicable & indexation is not available on sale of debentures.

Exemption u/s 54EC & 54F can be availed depending upon the nature of Capital gain whether LTCG or STCG.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2011 Thanx
One more querry:

If the assessee does not get the indexation,
tax rate will be 10% or 20%

07 October 2011 10%..... as indexation is not available...


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