Long-term capital gains on zero coupon bonds are chargeable to tax

CS Executive · Tax Laws and Practice · PYQS · June 2015
Long-term capital gains on zero coupon bonds are chargeable to tax
(A) @ 20% computed after indexation of such bonds
(B) @ 10% computed without indexation of such bonds
(C) Higher of (A) or (B)
(D) Lower of (A) or (B).

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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