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Sunil Gupta

Latest Posts by Sunil Gupta

Tax Treatment of Capital Gain/Loss Arising on Transfer of Perpetual Bonds

May 15, 2020 9192 Views 0 comment Print

1. As per the section 2(14) a Perpetual Bond is a Capital Asset as the Assessee (i.e. your client in this case) is holding property in the bond. 2. As per the proviso to section 2(42A) a security (which also includes perpetual bond) listed on a recognised stock exchange will be treated as ‘Long Term […]

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