Clarification on Tax Implications for Government Securities u/s 48 of Income Tax Act: Bonds vs. Debentures.

Clarification on Tax Implications for Government Securities u/s 48 of Income Tax Act: Bonds vs. Debentures. https://www.taxtmi.com/highlights?id=54866 Computation of capital gains -Treating ‘Government Securities’ as Bonds or Debentures for the purpose of the third proviso (now fourth proviso) to section 48 - Just because there is fixed returning income, it cannot be concluded that on sale of such asset no indexation would be granted of the asset is a long term capital asset. - AT en-us Tue, 22 Sep 2020 09:37:25 +0530 Tue, 22 Sep 2020 09:37:25 +0530 TaxTMI RSS Generator Clarification on Tax Implications for Government Securities u/s 48 of Income Tax Act: Bonds vs. Debentures. https://www.taxtmi.com/highlights?id=54866 Computation of capital gains -Treating ‘Government Securities’ as Bonds or Debentures for the purpose of the third proviso (now fourth proviso) to section 48 - Just because there is fixed returning income, it cannot be concluded that on sale of such asset no indexation would be granted of the asset is a long term capital asset. - AT Highlights Income Tax Tue, 22 Sep 2020 09:37:25 +0530 https://www.taxtmi.com/highlights?id=54866