Zero coupon Nabard Bond

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..... Zero coupon Nabard Bond
Query (Issue) Started By: - vikas mehta Dated:- 10-4-2009 Last Reply Date:- 11-4-2009 Income Tax
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Income Tax
1. Whether zero coupon Nabard Bond is a cap .....

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..... ital index bond under second proviso to section 48 of Income Tax Act, 1961? 2. What is the rate of taxation on zero coupon nabard bond.? Reply By Ravi Chopra: The Reply: NABARD Rural Bonds are being .....

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..... issued by way of private placement as long term investment instrument under Clause (xxii) of Sub-Section (2) of Section 80C of Income Tax Act, 1961 read with Central Board Direct Taxes Notification N .....

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..... o. 293/2007/F.No.142/31/2007-TPL dated 31 December 2007. Therefore, a limited exemption under section 80C as an investment has been granted to nabard zero coupon bond. But, there is no exemption under .....

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..... capital gain tax. Hence the same would be subject to capital gain tax.
Discussion Forum - Knowledge Sharing .....

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