Treatment of short term capital gain on sale of bond
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2012
If we purchase a bond cum interest & if we sale the same cum interest, whether we should consider it as short term capital gain on sale of bond during the year????
Regards,
Girish
Regards,
Girish
20 August 2012
if the bonds are sold through a recognized stock exchange and security transaction tax is charged, then stcg may come in picture, otherwise its normal taxable profit.
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