D transferred Zero Coupon Bonds on 20th August, 2018. These bonds were acquired during the financial year 2010-11. The capital gain computed on the redemption with indexation benefit is ₹2 lakh and without indexation ben

CS Executive · Tax Laws and Practice · PYQS · June 2019
D transferred Zero Coupon Bonds on 20th August, 2018. These bonds were acquired during the financial year 2010-11. The capital gain computed on the redemption with indexation benefit is ₹2 lakh and without indexation benefit is ₹3 lakh. The long term capital gain would be chargeable to tax on such Zero Coupon Bonds in A.Y. 2019-20:
(A) @ 5%
(B) @ 10%
(C) @ 20%
(D) @ 30%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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