Section 50AA - Special provision for computation of capital gains in case of Market Linked Debenture

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..... set for the purpose of Section 50AA where the capital asset (a) is a unit of a Specified Mutual Fund acquired on or after the 1st day of April, 2023 or a Market Linked Debenture; or (b) is an unlisted bond or an unlisted debenture which is transferred or redeemed or matures on or after the 23rd day of July, 2024, Computation of Capital Gain The full value of consideration received or accruing as a .....

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..... as a result of the transfer or redemption or maturity of such debenture or unit as reduced by (i) the cost of acquisition of the debenture or unit; and (ii) the expenditure incurred wholly and exclusively in connection with such transfer or redemption or maturity, Deemed to be LTCG/ STCG Such gains shall be deemed to be the capital gains arising from the transfer of a short-term capital asset. De .....

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..... d in respect of the Specified Mutual Fund shall be computed with reference to the annual average of the daily closing figures. (iii) From 01.04.2026 - Specified Mutual Fund means, (a) a Mutual Fund by whatever name called, which invests more than sixty-five per cent. of its total proceeds in debt and money market instruments; or (b) a fund which invests sixty-five per cent. or more of its total pr .....

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