Gains on Transfer of Deep Discount Bonds Are Long-Term Capital Gains Eligible for Section 54EC Benefit Without Annual Interest Accrual Addition
Gains on Transfer of Deep Discount Bonds Are Long-Term Capital Gains Eligible for Section 54EC Benefit Without Annual Interest Accrual Addition Issue Whether gains arising from the transfer of interest coupon strips/Deep Discount Bonds (DDBs) are assessable as long-term capital gains based on the period of holding, making the assessee eligible for deduction under Section… Read More »