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advocaterbl (Trainee)     31 May 2011

FCCB and taxation

Dear Madam/Sir,

A company has issued 0% FCCB to overseas subscribers. It is redeemable after 5 years from the date of issue at a premium agreed upon at the time of issue or convertible into shares at the option of the bondholder.

The holder wishes to redeem it due to adverse market conditions.

Is tax to be withheld on the redemption premium payable?

Thank you.



 2 Replies

CS Bijoy

CS Bijoy (Expert)     02 June 2011

According to me Tax will be charged by the deparment in case of any capital gain of the holder.

Ramalingam K

Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited)     08 May 2014

How to save more tax by Creating a HUF? Once, our venerable Finance Minister, Mr. M Chidambaram, has said, “Left to God, even he will not like to pay Income Tax”. Though as a responsible citizen of our country, we should pay our income taxes on time and should not avoid paying it. https://holisticinvestment.in/blog/save-tax-by-creating-huf/ Regards Ramalingam K, MBA, CFP, Director and Chief Financial Planner, Holistic Investment Planners “Best Performing Financial Advisor Award” Winners from CNBC TV18 www.holisticinvestment.in (Follow us on):- https://www.facebook.com/holisticinvestmentplanners

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