https://www.taxtmi.com/caselaws?id=793491 The article states that broken period interest received on transfer of non-convertible debentures was taxable as interest income, not as short-term capital gain under the India-Singapore DTAA. It notes that the debentures were transferred on a cum-interest basis, the interest accrued up to transfer had already been accounted for, and the disputed receipt represented five days' broken period interest paid by the purchaser. Because the payment retained its character as interest and the instrument remained a debt instrument, the amount was assessed under the head "Income from Other Sources" rather than treated as exempt capital gain under Article 13(5). en-us Mon, 15 Jun 2026 00:00:00 +0530 Wed, 17 Jun 2026 07:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793491 The article states that broken period interest received on transfer of non-convertible debentures was taxable as interest income, not as short-term capital gain under the India-Singapore DTAA. It notes that the debentures were transferred on a cum-interest basis, the interest accrued up to transfer had already been accounted for, and the disputed receipt represented five days' broken period interest paid by the purchaser. Because the payment retained its character as interest and the instrument remained a debt instrument, the amount was assessed under the head "Income from Other Sources" rather than treated as exempt capital gain under Article 13(5). Case-Laws Income Tax Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793491