Taxation-zero coupon secured redeemable non-convertible deb

863 views 3 replies

Hi All,

Greetings!

I hold some Zero Coupon Secured Redeemable Non-Convertible Debentures from Muthoot.

Could anyone let me know how do I show it in my Income Tax, whether I show it as Interest accrued or?

Thanks in advance

 

Details of the security are below

 

https://www.bseindia.com/cirbrief/new_notice_detail.asp?noticeid=%7BB9E181DB-4C77-4C09-8002-3C5435E747A2%7D&noticeno=20120120-10&dt=1/20/2012&icount=10&totcount=12&flag=0

 

 

Raj

Replies (3)

Interest from Zero coupon bond shall be taxed under the head Interest on securities on accrual basis.

Thanks Gaurav,

When I asked my registrar the Accrued Interest, I get an reply that there is no accrual for this kind of issue.

Is he right?

Thanks
Rajesh

sorry dear
i clicked on link u gave and analysized. As there is no Interest rate given so dont book interest right now rather book capital gain on the redemption.
 


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