Short Term Or Long Term Tax on Corporate Bonds held for more than 3 years


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Quick Summary
If you've held corporate bonds from a public limited company for more than three years and they were redeemed in the 2023-24 financial year, any profit made will be classified as long-term capital gains. This distinction is important for tax purposes.

16 June 2024 Hi

I held Corporate Bonds of Public Limited Company for more than 3 years , which were redeemed by company during FY 2023-24

Whether profit on this transaction fall under Short Term Capital Gains or Long term Capital Gains

16 June 2024 It will be long term capital gains.

30 August 2024 Good luck.


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