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Taxability of Zero Coupon Bonds

379 views 1 replies

Hi Experts,

I have a query regarding Zero Coupon Bonds Taxability.

One of my relative had L&T Infra Zero Coupon Bonds 2011 series which matured this year and company deducted TDS under 194A.

I had a query regarding it's taxability since these bonds were notified bonds and investment in them was eligible for deduction u/s 80CCF.
As far as i know Notified Zero Coupon Bonds are taxable under Capital Gains and Non Notified ZCB are taxable as interest.

However i cannot find L&T name in here (https://www.incometaxindia.gov.in/Pages/utilities/zero-coupon-bond.aspx)

So shall this be shown as interest income in ITR or should be shown under Capital Gains?

Kindly Suggest in this regard

 

Thanks

Replies (1)
It's clear and simple its TAXABLE under Capital Gains.


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