I have a stupid query and please forgive me for that.
Muthoot Fin has issued NCDs. It has cumulative as well as regular payment options. If I opt for cumulative option for more than 36 months, the income will attract LTCG tax and if I go for regular payment, the income will be added to my normal tax. Is my understanding correct?
Correct. Interest income declared during a FY is taxed at slab rate, while any gain declared at the completion of its term is taxed under LTCG......
Moreover, never be shy to learn. Everyone learns here. Some earlier, and some later...
BANSAL YOGESH AND CO
Gautam Budh Nagar
B.Com
View Details
Vakilsearch.com
Chennai
CA Inter
View Details
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CAclubindia
