Non convertible debentures

CA Shraddha (Mcom, CS Exe.) (Service) (224 Points)

17 August 2011  

Hello to All

My question is in respect of taxability of amount received on redemption of non convertible debenture held for more than 12 months.

Whether it is possible that a person did not get any amount of interest throughout the holding period more than 12 months and what will be tax treatment of amount received on redemption?

Thankyou in anticipation.