D transferred Zero Coupon Bonds on 20th August, 2019. These bonds were acquired during the financial year 2011-12. The capital gain computed on the redemption with indexation benefit is ₹ 2 Lakh and without indexation benefit is ₹ 3 Lakh. The long term gain would be chargeable to tax on such Zero Coupon Bonds in A.Y. 2020-21
A. @ 5%
B. @10%
C. @ 20%
D. @30%
Answer:B
D transferred Zero Coupon Bonds on 20th August, 2019. These bonds were acquired during the financial year 2011-12. The capital gain computed on the redemption with indexation benefit is ₹ 2 Lakh and without indexation benefit is ₹ 3 Lakh. The long term gain would be chargeable to tax on such Zero Coupon Bonds in A.Y. 2020-21
A. @ 5% B. @10% C. @ 20% D. @30%