A company issued Zero Coupon bonds of Face value ₹ 10,00,000 for ₹ 7,20,000. The bond will mature after 4 years. The amount of deduction p.a. allowed to the company will be:
A. ₹ 2,80,000
B. ₹ 70,000
C. ₹ 50,000
D. Not allowed as deduction
Answer:B
A company issued Zero Coupon bonds of Face value ₹ 10,00,000 for ₹ 7,20,000. The bond will mature after 4 years. The amount of deduction p.a. allowed to the company will be:
A. ₹ 2,80,000 B. ₹ 70,000 C. ₹ 50,000 D. Not allowed as deduction