RULE 23 INCOME-TAX RULES 2026 Computation of pro rata amount of discount on a zero coupon bond for purpose of section 32(d).
RULE 23 INCOME-TAX RULES 2026 Computation of pro rata amount of discount on a zero coupon bond for purpose of section 32(d). 23. (1) For the purposes of section 32(d), the pro rata amount of discount on a zero coupon bond shall be computed in the following manner:— (a) the period of life of the bond shall be converted into… Read More »