I have bought tax-free bonds from REC, National Highways Authority of India and others in the secondary market at a premium of 100 to 130. Which means the price I paid was 1,100 to 1,130 as against the base price of 1,000. Upon redemption on the maturity date, I will be making a loss taking into consideration the premium I have paid. The maturity of the bonds is four years away. Will the loss on the premium paid be considered as long-term capital loss (LTCL)? Can it be adjusted against any long-term capital gains (LTCG)? I am a non-resident Indian (NRI). Will the tax treatment be different for me?