Tax Glossary Definition
Tax on the difference between the issue price and redemption value of a bond or debenture, treated as interest income and taxed either on an annual accrual basis or at maturity, depending on the method of accounting.
Example: Zero-coupon bond issued at ₹90,000 and redeemed at ₹1,00,000 → ₹10,000 deemed interest taxable.
Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.
We ensure maximum tax benefits.
Taxes? Handled by our CAs and experts.
Reliable, year-round tax support at no cost.
Satisfaction or your money back came twice.
Mobile App Available on: