Section 50AA - Special provision for computation of capital gains in case of Market Linked Debenture

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....r the purpose of Section 50AA * where the capital asset-- (a) is a unit of a Specified Mutual Fund acquired on or after the 1st day of April, 2023 or a Market Linked Debenture; or (b) is an unlisted bond or an unlisted debenture which is transferred or redeemed or matures on or after the 23rd day of July, 2024, Computation of Capital Gain * The full value of consideration received or ac....

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....* the full value of consideration received or accruing as a result of the transfer or redemption or maturity of such debenture or unit as reduced by-- (i) the cost of acquisition of the debenture or unit; and (ii) the expenditure incurred wholly and exclusively in connection with such transfer or redemption or maturity, Deemed to be LTCG/ STCG * Such gains shall be deemed to be the capita....

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....l proceeds is invested in the equity shares of domestic companies: Provided that percentage of equity shareholding held in respect of the Specified Mutual Fund shall be computed with reference to the annual average of the daily closing figures. (iii) From 01.04.2026 - Specified Mutual Fund" means,-- (a) a Mutual Fund by whatever name called, which invests more than sixty-five per cent. of it....