LT Gain from Market Linked Debentures (MLD)

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287 Points Posted on 27 June 2021
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 ??
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On 27 June 2021 at 09:17 Report
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This discussion focuses on how to correctly report Long-Term Capital Gains (LTCG) from Market Linked Debentures (MLDs) in the new ITR 2 form. It clarifies that MLDs are considered trading instruments and explains how to declare gains from those held for over 15 months. The thread also addresses whether these LTCGs can be offset against Short-Term (ST) and Long-Term (LT) capital losses from equities incurred in the same financial year.

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My grammar is 💯 good I
7306 Points Posted on 27 June 2021

Sure you can because it’s a trading instrument and not dependable on contractual Cashflows. 

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On 27 June 2021 at 10:31
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287 Points Posted on 27 June 2021
Thanks. But, can I include MLD transaction in Schedule 112A, like other instruments, to report LT Gain from MLD ??
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On 27 June 2021 at 19:29

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