Nabard zero coupen bonds

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B M DESAI (Querist)
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17 July 2018 I had purchased nabard zero coupen bonds in 2007 ( 10 years period) which hv matured in FY 2017-2018.

Can I use cost indexation for calculating LTCG?

I will be filing ITR 2 form. On the CG page under LTCG, paragraphs listed are 1,2,3 and 7. Which one should I use? It seems the cost indexation benefit can be availed only under para 1( land & building) and para 7 ( unlisted shares) .

B M DESAI

B M DESAI (Querist)
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19 July 2018 No answer/help for 2 days???

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 September 2021 If the assessee desires he can make payment of long-term capital gains on selling Zero Coupon Bond @ just 10% without taking advantage of Cost Inflation Index. However, if the tax payer is interested to take into consideration the Cost Inflation Index and then make the payment of capital gains in such a situation the tax rate on long-term capital gains would be 20% specially when the cost of the bond has been calculating after applying the principles of Cost Inflation Index.

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