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:D
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)