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Section 36

Direct Taxation

In section 36(1)(iiia) discount allowed on zero coupon bonds is allowed as deduction on pro rata basis, can anyone explain this with the example ,precisely I need on what basis the proportion is made

Satya Shashank

CA Inter

★ 13K+

29-Sep-20 16:54

321

Answers (4)

Time basis.

CA Suraj Lakhotia

Admin

29-Sep-20 17:53

CA Suraj Lakhotia Admin

Time basis.

That means the life of zero coupon bonds, is that so

Thread Starter

Satya Shashank

CA Inter

★ 13K+

29-Sep-20 17:57

Yes. Tenure of zero coupon bonds.

CA Suraj Lakhotia

Admin

29-Sep-20 18:07

Time basis

muni Prathap

CA Final

★ 545

02-Oct-20 18:05

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