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Tax on bonds.

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2 Points Posted on 23 July 2019
I had purchased bonds in secondary market @ ₹1080 about 18 months back. I recieved monthly interest on these bonds @ 12%per annum. The bonds matured in last financial year at face value of ₹1000. Is ₹1080-₹1000 a long term capital loss? While the monthly interest to be considered as other income?
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On 23 July 2019 at 08:32 Report
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SEO Sai Gr. Hosp.
211624 Points Posted on 23 July 2019

1. Yes, if period of holding more than 3 years.

2. Yes interest taxable u/h. IFOS.

581 Reply
On 23 July 2019 at 08:36


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