DHFL FD & NCDs Capital Loss- tax treatment.
This query is : Resolved
Kasiraj Gurusamy
(Querist)
13 January 2022
Received partial payment from DHFL FD & NCDs. To my earlier query on this topic, Shri Dhirajlal Rambhia has already clarified that any loss on this can be claimed for CG calculations. FD maturity date was 07-Jan-2020 and two NCDs are due to mature in 2026 & 2028. Partial payment was received on 29-Sep-2021. Please clarify this loss in principal will be treated as STCL or LTCL. Thanking you in advance. Kasiraj G
Dhirajlal Rambhia
(Expert)
14 January 2022
It would be long term if holding period be 3 years or more. (time period from purchase till payment received).
For less than 3 years holding it will be short term.
For less than 3 years holding it will be short term.
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