Edel Weiss

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This discussion clarifies the Long Term Capital Gains (LTCG) tax applicable to Edelweiss Finvest Pvt Ltd bonds held for an extended period. Typically, bonds held for three years or more are subject to a 20% LTCG tax without indexation benefits. The conversation also explores the specific tax headings under which these gains would be reported, differentiating them from other asset classes.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)
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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 ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 August 2021 Generally, such bonds, when held for 3 years or more; LTCG charged @ 20% without indexation.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)
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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

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