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LT Gain from Market Linked Debentures (MLD)
How and Where in New ITR 2, can I show L.T. Capital Gain from MLD, which were held for 15 months and matured in Jan. 2021 ?? Also, can I set off these gains against ST/LT Cap. losses incurred (in equities), in same F.Y. 2020-21 ??
Replies (2)
Sure you can because it’s a trading instrument and not dependable on contractual Cashflows.
Thanks. But, can I include MLD transaction in Schedule 112A, like other instruments, to report LT Gain from MLD ??
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