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Taxation of Rupee Denominated Bonds.
At the time of redemption of Rupee Denominated Bonds (RDBs), whether the benfit of Indexation will be available ?
Replies (1)
CBDT has clarified that gains arising in case of appreciation of rupee between the date of issue and the date of redemption against the foreign currency, in which the investment is made, would be exempted from capital gains tax.
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