The Finance Bill initially introduced on 1 February, proposed to insert a new section 50AA providing for the taxability of any gain on transfer, redemption or maturity of market linked debenture (MLD) on or after 1 April, as a short-term capital gain, irrespective of the period of holding.
The Finance Bill initially introduced on 1 February, proposed to insert a new section 50AA providing for the taxability of any gain on transfer, redemption or maturity of market linked debenture (MLD) on or after 1 April, as a short-term capital gain, irrespective of the period of holding.
Share this Article
Recommended