Edel Weiss
This query is : Open
30 August 2021
Bonds of EdelWeiss Finvest Pvt Ltd w/o STT held for long term period will attract Long Term Capital Gains Tax @ which rate ?
30 August 2021
Generally, such bonds, when held for 3 years or more; LTCG charged @ 20% without indexation.
30 August 2021
Under Capital Gains there are following headings
1 Land or building or both
2 Equity share or unit of equity oriented Mutual Fund (MF) or unit of a business trust on which STT is paid under section 111A or 115AD(1)(ii) proviso (for FII)
3 Equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112AImage is not available
4 Bonds or debenture (other than capital indexed bonds issued by Government)Image is not available
5 From sale of, (i)Listed securities (other than a unit) or zero coupon bonds where proviso under section 112(1) is applicable (ii) GDR of an Indian company referred in sec. 115ACA
6 From sale of assets other than all the above listed items
7 Amount deemed to be Short Term/ Long Term Capital Gains
8 Pass through income/ Loss in the nature of Short Term/ Long Term Capital Gains
9 Amount of Short Term/ Long Term Capital Gains included in the above items but not chargeable to tax in India as per DTAA
My question is these bonds taxable @ 20% with indexation benefits will be shown under which above head
1 Land or building or both
2 Equity share or unit of equity oriented Mutual Fund (MF) or unit of a business trust on which STT is paid under section 111A or 115AD(1)(ii) proviso (for FII)
3 Equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112AImage is not available
4 Bonds or debenture (other than capital indexed bonds issued by Government)Image is not available
5 From sale of, (i)Listed securities (other than a unit) or zero coupon bonds where proviso under section 112(1) is applicable (ii) GDR of an Indian company referred in sec. 115ACA
6 From sale of assets other than all the above listed items
7 Amount deemed to be Short Term/ Long Term Capital Gains
8 Pass through income/ Loss in the nature of Short Term/ Long Term Capital Gains
9 Amount of Short Term/ Long Term Capital Gains included in the above items but not chargeable to tax in India as per DTAA
My question is these bonds taxable @ 20% with indexation benefits will be shown under which above head
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