Try GOLD - Free
Tax playbook for NRIs selling listed bonds before maturity
Mint Mumbai
|June 18, 2025
I have been a non-resident Indian (NRI) living in Australia since 2010. In February 2013, I invested in a listed HUDCO bond with a 15-year maturity. I am now planning to sell this bond before maturity. What will be the tax implications in India for such a sale?
Would the gains be classified as long-term or short-term capital gains? What tax rate would apply for NRIs and would TDS be deducted at source? Are indexation benefits or any other exemptions available in this case?
—Name withheld on request
If you sell your HUDCO bond before its maturity, any profit from the sale will attract capital gains tax in India.
This story is from the June 18, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Move to label all AI on social media faces pushback
A grand plan to label all AI-generated content on social media has run into resistance, with Big Tech, policy thinktanks and industry body Nasscom calling the government's proposals expensive and impractical, suggesting that the new regulations instead focus on preventing harm from AI.
2 mins
November 08, 2025
Mint Mumbai
Grief retreats offer physical and emotional space to heal
Grief retreats help people reconcile with loss at their own pace and tend to their mental health in spaces free of judgement
7 mins
November 08, 2025
Mint Mumbai
'No free lunch, but RBI to cut stability cost'
The Reserve Bank of India is looking to promote efficiency and innovation without undermining financial stability, Governor Sanjay Malhotra said on Friday, stressing that every regulatory change carries a cost that the central bank is mindful to minimize.
1 min
November 08, 2025
Mint Mumbai
Can India use home turf to make a mark?
Close on the heels of the Indian women's cricket team's watershed World Cup triumph, the Indian women's tennis team is chasing a defining moment of its own. On 14 November, India begins its quest for a place in the qualifiers of the Billie Jean King Cup for the very first time.
4 mins
November 08, 2025
Mint Mumbai
Is your herbal medicine safe? Govt lens on report of microbes
Amid rising safety concerns clouding India’s $70-billion herbal medicine market, the government plans to conduct a study to assess the microbial load in the materials used in these traditional medicines, said two government officials in the know of the development.
2 mins
November 08, 2025
Mint Mumbai
Thammineni's nine-peak milestone
Bharath Thammineni's summited his ninth 8,000m mountain and set a new Indian record
4 mins
November 08, 2025
Mint Mumbai
Protect pets from cancer
From environment to diet, every choice we make shapes our pets' health and resistance to illnesses
2 mins
November 08, 2025
Mint Mumbai
ICE roars back as tax cuts, festive discounts skip EVs
EV sales rose in Oct, but share of sales plunges as more vehicles were sold overall
3 mins
November 08, 2025
Mint Mumbai
Dial P for puzzle-maker
David Mitchell is not a performer known for his acting range. On the BBC panel show Would I Lie to You (YouTube), host Rob Brydon mocked Mitchell—star of the unbelievably good comedy series Peep Show—by mimicking his voice and saying “Shall I do posh and repressed, or repressed and posh?” This, while cruel, is a truism. Mitchell, who has made a career out of quoting Shakespeare when he isn’t playing Shakespeare, consistently comes across literate and wealthy (and haplessly dorky), which is what makes him perfectly cast for the new mystery series Ludwig.
3 mins
November 08, 2025
Mint Mumbai
Returns chase leads more Indians to overseas stocks
More Indians are buying shares in US and European markets, sometimes even stepping into Brazil and China in their hunt for better returns, data from the central bank and platforms for overseas investment showed.
4 mins
November 08, 2025
Listen
Translate
Change font size