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Special provision for taxation of capital gains in case of Market Linked Debentures

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Full Text of the Document

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....vanilla debt securities and exchange traded derivatives are being issued through private placements and listed on stock exchanges. It is seen that such securities differ from plain vanilla debt securities. 2. 'Market Linked Debentures' are listed securities. They are currently being taxed as long- term capital gain at the rate of 10% without indexation. However, these securities are in the nature....