Market linked debenture treatment: gains treated as short-term capital gains with prescribed computation and no STT deduction. Gains on transfer, redemption or maturity of Market Linked Debentures, certain units of Specified Mutual Funds, and specified unlisted bonds or debentures are treated as short-term capital gains and computed as full value of consideration minus cost of acquisition and transfer-related expenditure; securities transaction tax paid is not deductible. Market Linked Debenture and Specified Mutual Fund are defined by reference to a debt principal component with market-linked returns and a fund investing substantially in debt and money market instruments respectively.