D transferred Zero-Coupon Bonds on 20th August 2020. These bonds were acquired during the financial year 2011-2012. 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 AY 2020-2021:

  1. Home

Question:D transferred Zero-Coupon Bonds on 20th August 2020. These bonds were acquired during the financial year 2011-2012. 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 AY 2020-2021:

1.@20% of LTCG (Net consideration – Indexed cost of acquisition)

2.@ 10% of (Net consideration – Cost of acquisition without indexation)

3.@30% of (Net consideration-Cost of acquisition without indexation)

4. (A) or (B) whichever is less.

Posted by R4R Team
  1. D transferred Zero-Coupon Bonds on 20th August 2020. These bonds were acquired during the financial year 2011-2012. 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 AY 2020-2021:
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!