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What Are Income Tax Implications? How The Returns From Ncds Are Taxed?

Answer»

There can be two TYPES of income from NCDs:

  1. First is the interest income from a NCD and tax treatment is exactly similar to any other interest income such as interest income from FDs. In other words, interest income from NCDs will be subjected to tax at NORMAL rates by INCLUDING it in 'Income from other sources'.
  2. Next is capital GAINS. If you decide to sell the NCDs on the stock exchange, capital gains can also arise. If NCDs are SOLD with in a period of 12 months .

There can be two types of income from NCDs:


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