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LTCG on listed Debenture

This query is : Resolved 

13 May 2008 As per 3 proviso of section 48 indexation of cost is not to be done for debentures. Howeveras per section Taxability of LTCG, listed security is chargeable to tax @20% with indexation or 10% without indexation whichever is nore beneficial to the investor. So whether indexation can be applied for listed debentures also & what will be the tax rate.

31 March 2012 The benefit of indexation is not available on debentures, whether listed or unlisted.

The proviso to Section 112 does not mean that indexation benefit is available on listed bonds.



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