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Clarification on Tax Implications for Government Securities u/s 48 of Income Tax Act: Bonds vs. Debentures.

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Full Text of the Document

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....Computation of capital gains -Treating ‘Government Securities’ as Bonds or Debentures for the purpose of the third proviso (now fourth proviso) to section 48 - Just because there is fixed returning income, it cannot be concluded that on sale of such asset no indexation would be granted of the asset is a long term capital asset. - AT....