Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Market linked debenture capital gains treated as short-term gains, computed by prescribed formula with STT nondeductible. Gains on transfer, redemption or maturity of units of a Specified Mutual Fund, Market Linked Debentures, and certain unlisted bonds or debentures are ... Summary
Market linked debenture capital gains treated as short-term gains, computed by prescribed formula with STT nondeductible.
Gains on transfer, redemption or maturity of units of a Specified Mutual Fund, Market Linked Debentures, and certain unlisted bonds or debentures are treated as short-term capital gains and computed by the formula: full value of consideration less cost of acquisition less expenditure wholly and exclusively incurred for the transfer, redemption or maturity. No deduction is permitted for sums paid as securities transaction tax. The clause defines Market Linked Debenture and Specified Mutual Fund for these purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.