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Capital Gain tax

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(Querist)
25 June 2008 Please clarify whether the redemption amount of 6.75% tax free us 64 bonds atract capital gain tax
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Shekar

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Shekar (Expert)
25 June 2008 Under section 10(33),any income arising from transfer of capital asset,being a unit of US 64 is exempt from tax provided where the transfer of such takes place on or after 1st April,2002..
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