Need A Financial Product Forums Tax Savings Tax implications on profits from Equity Linked Capital Protected Debentures

This topic contains 1 reply, has 2 voices, and was last updated by  Ammar 2 years, 10 months ago.

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  • #48330

    Ammar
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    I invested Rs. 1 lakh in Equity Linked Capital Protected Debentures. I held these debentures for 2 years and since Nifty performed well, I got a profit of Rs. 30,000 on these debentures. Now, I am unable to understand the tax implication on the profit during the current financial year. Is this a long term capital gain? Am I liable to pay tax?

    #48331

    Equity Linked Capital Protected Debentures are in the nature of debt product. Since you have hold these debentures for more than 2 years, your profits are long term capital gains and you have to pay tax accordingly.

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