Home › Income-Tax Act › Doraiswami Rajagopalan v. DCIT (2025) 235 TTJ 597 / 172 taxmann.com 735(SMC) (Bang)(Trib)

Doraiswami Rajagopalan v. DCIT (2025) 235 TTJ 597 / 172 taxmann.com 735(SMC) (Bang)(Trib)

S. 112: Tax on long-term capital gains-Determination of tax in certain cases-Rate of tax-Redemption of debentures-Debentures are explicitly excluded from the concessional tax treatment under s. 112A, the correct rate of tax applicable on the LTCG from the redemption of market-linked debentures is 20 per cent under s. 112 [S.112A]

 

Held that the benefits of s. 112A is restricted to certain securities, and debentures are not covered under this provision, since debentures are explicitly excluded from the concessional tax treatment under s. 112A, the correct rate of tax applicable on the LTCG from the redemption of market-linked debentures is 20 per cent under S. 112. (AY.2021-22)

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