1) In case of Buying RBI direct retail G sec securities from RBI direct retail platform from open market ,and when these are again not resold in RBI direct retail platform, but matured on maturity, then., will it be long term or short term capital gain??
because if directly allotted by RBI issue and matured on maturity then only int. is taxable as FD int.
Menu
RBI direct G sec securities
Replies (2)
Quick Summary
You are right Maheshji..In a scenario explained by you of GSEC being purchased from RBI direct retail and repaid on maturity, no capital gain will be applicable. Simply any interest paid in between will be taxable.
@ Ravish ji ...thanks for reply.
Sir, My point is if I buy from RBI trading platform ( not directly first issued by rbi) and amounts directly credited to my account on MATURITY , then in this scenario, will it be LTCG/STCG??
Above query is different from scenario where I get allotment on 1 St instance directly from auction by RBI and account credited on maturity ( here only int is taxable.....no qs of LTCG/STCG) as i am buying on 1 St auction and on maturity directly credited in a/c
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
