Capital gains computation for market linked debentures and specified mutual funds treated as short-term capital gains under special rule. Special provision governs computation of capital gains on transfer, redemption, or maturity of a unit of a Specified Mutual Fund, a Market Linked ... Summary
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Capital gains computation for market linked debentures and specified mutual funds treated as short-term capital gains under special rule.
Special provision governs computation of capital gains on transfer, redemption, or maturity of a unit of a Specified Mutual Fund, a Market Linked Debenture, or an unlisted bond or unlisted debenture covered by the section. The provision overrides the general rules and deems the full value of consideration, reduced by cost of acquisition and related expenditure, to be the capital gains arising from a short-term capital asset. No deduction is allowed for securities transaction tax in computing income under the head Capital Gains.
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