Interest earn on SSC is STG or LTG

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113 Points Posted on 31 August 2022
Many Senior Citizen Put their money in Senior Citizen Saving Scheme On 1st year interest earn is short term Capital Gain but in 2nd year ( fter completion of one year) It is consider as LTG ? or STG
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On 31 August 2022 at 23:17 Report
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This discussion clarifies the tax treatment of interest earned on the Senior Citizen Savings Scheme (SCSS). The consensus is that SCSS interest is not taxed under the capital gains head at all. Therefore, the distinction between Short Term Capital Gain (STCG) and Long Term Capital Gain (LTCG) is irrelevant for SCSS interest income.

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299 Points Posted on 01 September 2022
Interest earned on SCSS is not taxable under the capital Gain head, therefore, question of LTG/STG does not arise.
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On 01 September 2022 at 00:27
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113 Points Posted on 01 September 2022
OK Thanks
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On 01 September 2022 at 10:11

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