Private Debentures Sold after 3 years i.e (Long term Capital Asset),What will be the taxing method as it is a long term it can,t be exempted because of private debentures
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CAPITAL GAINS ON DEBENTURES
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How to get exemption from paying Capital Gain Tax?
One of our distinguished Finance Ministers had made this famous statement in one of his speeches, "Even God would not like to pay taxes!" reinforcing the general dislike of tax payers in paying taxes.
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
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