Ankit (C.A.-Student) 07 March 2013
I have asked this query under EXPERT section but no reply came, thats why i have to post it here
What is difference between DDB and ZCB?????
difference of issue price and maturity/face value of these bonds are Discount, which is expense for issuer and income for investor.
My next query is taxability/treatment of
Discount, an expense for issuer
is settled u/s 36(1)(iiia) in case of ZCB, but i dont know the treatment of discount in case of DDB