Taxation of T-bills & G-Sec bonds
Samantha J (1236 Points)
22 October 2019
How are T-Bills and G-Sec bonds taxed? How does one calculate income? How to file tax returns?
1 Replies
Kapadia Pravin
(17264 Points)
Replied 23 October 2019
If the assessee is doing trading activity in T-bills and G-sec bonds then it will be business income
But it's casual and purely for better finance management then any gain or loss on these securities will be either ST or LT gain /loss.
Interest received during intervening period will be interest income and taxed accordingly.
But it's casual and purely for better finance management then any gain or loss on these securities will be either ST or LT gain /loss.
Interest received during intervening period will be interest income and taxed accordingly.
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