I would like to seek clarification on tax treatment of NCDs subscribed through your office.

The details of the same are:

Name of the issuer: Indiabulls Consumer Finance

ISIN: INE614X07126

Date of Allotment: 27-06-2019

Date of redemption: 31-07-2020

Coupon basis: Zero interest

Name of Investor: Gauri Tarachand Ahuja

Amount of investment: Rs 1,50,000

Amount received on redemption: 1,66,515

Would like to understand whether the gain of Rs 16,515 is to be offered as tax on long term capital gain on zero coupon bonds or the tax treatment is different?

Ans: Hello vrajagopalan,
Usually as a physio we do not prescribe medicines. So please ask your general physician to advise you regarding the calcium and the dosage required for you. Also check with him if you require to take Vitamin D3 and B12 supplements too as they are also important.
All the best!

Ans: Hello Anand,
Please tell me what is their diagnosis? Have you done any MRI/CT scan for the left ankle? If yes, what does the report say?
Have you met any physiotherapist?

Ans: Hello,
Please can you give you me some more information like what tests have you done? X-ray? MRI of back? Blood tests for Vit D3 and B12? If yes, please tell me the diagnosis? Have you been to an orthopedic or a physiotherapist?

Ans: Hello S,
How are you now? Has your pain gone?

Ans: Hello Anonymous,
Have you shown your son to a physiotherapist?
Please can you specifically share the main diagnosis part in the MRI? Why is the water there? What is the cause?

Ans: If you are resident and ordinary resident in India, you have to pay tax on Income earned even outside India i.e. Commission Income.

Ans: It will be taxable as Long term capital gain. You have to get fair market value as on 1.4.2001 and after applying indexation on said value you can derive at amount of capital gain.

To save tax on long term capital gain; you can invest gain amount to acquire house property and get exemption u/s 54. As per section 54, if you want to buy a residential house property from long term capital gain from sale of house property then you must buy the residential house property 1 year before or 2 years from date of such transfer of shares or construct the house property within 3 years from date of transfer of such property.

Ans: It is likely that PAN and Aadhar will be linked even in case of mismatch is residential status

Ans: It depends on type of scheme (equity or debt based scheme).

Short Term or Long Term depends on period of holding. Debt based scheme are always short term and taxable at slab rate. Equity based scheme are long term if it is sold after holding for 12 month or more. Long term capital gain on equity scheme is taxable at NIL rate upto 1 lacs of gain.