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.
Aditya Maheshwari
(Expert)
17 August 2010
It would be long term capital gain subject to tax @ 10% without indexation as it is listed debentures.
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