Hi everybody ,my doubt is whether indexation is available for 6.75% taxfree US64 Bonds ? Urgent Please Reply ASAP
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Indexation-Capital Gains
Replies (2)
Hi Santhosh,
Indexation benefit is not available on any Bond or debenture other then capital index bond issued by Cent. Govt. So, US 64 bond are not eligible for indexation benefit. Transfer of US64 is not taxable u/s 10(33).
Thanks A ton Tinku,You are PCC Level and able to answer this,i have written my Final this June But still not able to get this.
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