Tax treatment of Debentures
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2010
I purchased TATA NCD 100 units in Feb 2009. I sold 30 units equity trading in August 2010. What will be the income tax liability on the profit booked.
17 August 2010
It would be long term capital gain subject to tax @ 10% without indexation as it is listed debentures.
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
- Income tax return change regime form necessary or not?
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Machinery taking back from repair work shop
- Resignation of auditor and appointment and cfss
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Clarification on 15% Saudi Withholding Tax and Refund Eligibility
- TAX TREATMENT OF COMMODITY
- REGARDING TURNOVER LIMIT
- Processing delay
- Issuance of authorised capital by pvt ltd co
- Tax Audit Mandatory or Optional
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
