https://www.taxtmi.com/forum/issue?id=120504 Interest on specified tax-free bonds is exempt under Section 10(15)(iv)(h). Accrued interest paid on purchase is treated separately under CBDT guidance and is deductible against interest income; it is not included in the cost of acquisition for capital gains. Therefore, cost of acquisition for capital gains purposes equals the purchase price excluding accrued interest, and capital gain or loss on redemption/sale must be computed using that net cost. en-us Sat, 27 Sep 2025 21:03:14 +0530 Fri, 12 Dec 2025 15:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120504 Interest on specified tax-free bonds is exempt under Section 10(15)(iv)(h). Accrued interest paid on purchase is treated separately under CBDT guidance and is deductible against interest income; it is not included in the cost of acquisition for capital gains. Therefore, cost of acquisition for capital gains purposes equals the purchase price excluding accrued interest, and capital gain or loss on redemption/sale must be computed using that net cost. Discussion-Forum Income Tax Sat, 27 Sep 2025 21:03:14 +0530 https://www.taxtmi.com/forum/issue?id=120504