Tax treatment of sbi bond
This query is : Resolved
23 July 2012
Whether Long Term Capital Gain on sale of SBI Bond is exempt u/s 10(38) ???
provided that
SBI bond is listed on recognised stock exchange. sale is also made through recognised stock exchange.
provided that
SBI bond is listed on recognised stock exchange. sale is also made through recognised stock exchange.
24 July 2012
section 10(38) benefit can be taken only when there is a transfer of equity shares or an equity oriented mutual fund through recognised stock ex... Bonds are neither equity shares nor an equity oriented mutual fund... so benefit u/s 10(38) is not available to you.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- Booth for sales promotion
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
