Special provision for taxation of capital gains in case of Market Linked Debentures

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..... vanilla debt securities and exchange traded derivatives are being issued through private placements and listed on stock exchanges. It is seen that such securities differ from plain vanilla debt securities. 2. 'Market Linked Debentures' are listed securities. They are currently being taxed as long- term capital gain at the rate of 10% without indexation. However, these securities are in the natur .....

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..... d to define the 'Market linked Debenture' as a security by whatever name called, which has an underlying principal component in the form of a debt security and where the returns are linked to market returns on other underlying securities or indices and include any securities classified or regulated as a Market Linked Debenture by Securities and Exchange Board of India. 5. This amendment will take .....

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