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Sec 48 (Indexation benefit) (Income Tax)

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This query is : Resolved

( Querist )
08 April 2009

Despite holding for more than 12M, indexation benefit cant be claimed on debtenture, bonds etc

But can indexation benefit be claimed on units of debt oriented funds (where debt allocation is 80~100%) issued by Mututal Funds


( Expert )
08 April 2009

yes, it can be availed as these are units of mutual fund.



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