Perpetual Bonds Interest
This query is : Resolved
06 July 2020
Hello All Experts and CA's
I am Sanjay and want your advise.
I have invested in perpetual bonds in Sept 2019 for Rs.300000. The company give me interest for Rs.31500/- for the whole year in march 2020. My question is " what will be the amount of interest taxable in my hands"? Is it 31500/- or 15447/-...... Pl confirm .
What will the taxability if I sell the bonds after 2 years?
Pl advise.
Regards
I am Sanjay and want your advise.
I have invested in perpetual bonds in Sept 2019 for Rs.300000. The company give me interest for Rs.31500/- for the whole year in march 2020. My question is " what will be the amount of interest taxable in my hands"? Is it 31500/- or 15447/-...... Pl confirm .
What will the taxability if I sell the bonds after 2 years?
Pl advise.
Regards
06 July 2020
It's 31,500 is taxable. 10% Capital gains tax applicable on sale after 2 years.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- 115-BAC-for AOP-private discretionary trust
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- Cgst asmt - 10
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- E-Invoice applicability related question
- PTEC-payment
- Reduce fine on my company
- Expenses in f&o trading
- INCOME TAX QUERY FY25-26()\
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
