I understand that the entire gains from non-notified ZCBs are treated as interest income and taxed as per slab. If the same is purchased and sold in the secondary market after holding the same for more than a year, would it attract LTCG?
I understand that the entire gains from non-notified ZCBs are treated as interest income and taxed as per slab. If the same is purchased and sold in the secondary market after holding the same for more than a year, would it attract LTCG?
Hi @gdshan,
Anything held for over a year and listed in the secondary market will attract LTCG.