I bought a NCD of face value Rs 5,000 from the secondary market for Rs 5,200. Annual interest was Rs 500. I bought it when it was about to mature in four months. On maturity, I got Rs 5,500. So my gain is Rs 300. How will this be taxed? 1) Capital gain of Rs 300 2) Interest income of Rs 300 3) Interest income of Rs 500 and capital loss of Rs 200 - Vineet Mittal
This article was originally published on March 23, 2023.