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LONG TERM BONDS AND DEBENTURES

Sir, Act when detailing S.T Capital Asset. it specifically categorised listed bonds &Debentures , zero coupon bonds , Other Debt instruments....under different different categories.....Only benefit of L.T Capital Asset I knew was indexation benefit......... .......Later Section 48 provision 3 prohibits indexation for every bonds and Debentures except few...... What I am coming to was.... I don't understand the intention of legislature for categorizing those Bonds and Debentures


Salman Faris

Salman Faris

CA Inter

61K+

18-Feb-21 17:26

15

Answers (4)

You question is not quite clear.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Feb-21 14:19

I was asking that why Debenture are classified in to long term & short term even though no Indexation benefit is available for them


Salman Faris

Salman Faris

CA Inter

61K+

20-Feb-21 15:01

oh....ok


Salman Faris

Salman Faris

CA Inter

61K+

20-Feb-21 15:08