Capital Gain

Second Proviso to section 48 talks about indexation and see what Third Proviso to same section contains which is as follows: Provided also that nothing contained in the second proviso shall apply to the long term capital gain arising from the transfer of a long term capital asset being bond or debenture other than capital indexed bonds issued by the Government. Hope your doubt is cleared

Second Proviso to section 48 talks about indexation and see what Third Proviso to same section contains which is as follows: Provided also that nothing contained in the second proviso shall apply to the long term capital gain arising from the transfer of a long term capital asset being bond or debenture other than capital indexed bonds issued by the Government. Hope your doubt is cleared