If deep discount bonds are sold before maturity they attract LTCG tax instead of interest income if held till maturity.
Kindly advise on how to execute the sale of deep discount bonds? The bonds are held in physical form?
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Deep discount bond taxation
Replies (1)
Check if the issuing authority converts it in dematerialized form, and whether the same are traded on any exchange. I have doubt. Generally redemption is the only option.
Refer: https://blog.bankbazaar.com/deep-discount-bond-a-retail-investment-option/
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