Special provision for computation of capital gains in case of Market Linked Debenture.

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....l asset as mentioned in sub-section (2) shall be treated as short-term capital gains and shall be computed as per sub-section (3). (2) For the purposes of sub-section (1), the capital asset shall be- (a) a unit of a Specified Mutual Fund acquired on or after the 1st April, 2023 or a Market Linked Debenture; or (b) an unlisted bond or an unlisted debenture which is transferred or redeemed or m....

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....nked Debenture" means a security, by whatever name called, which has an underlying principal component in the form of a debt security and where the returns are linked to market returns on other underlying securities or indices, and include any security classified or regulated as a market linked debenture by the Securities and Exchange Board of India; (b) "Specified Mutual Fund" means a Mutual Fu....