Market Linked Debenture: gains computed as capital gains and treated as short-term capital gains, with STT deduction disallowed. Gains on transfer, redemption or maturity of a Market Linked Debenture or specified fund/unit are computed as full consideration less cost of acquisition and expenditure wholly and exclusively incurred; such gains are deemed to be short-term capital gains and no deduction is allowed for amounts paid on account of Securities Transaction Tax.