All India Bar Examination (AIBE) 15-XV Previous Year Question Papers with Answers

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72.

According to Income Tax Act "zero coupon bond" means a bond

A: issued by any infrastructure capital company or infrastructure capital fund or public sector company or scheduled bank on or after the 1st day of June, 2005;
B: in respect of which no payment and benefit is received or receivable before maturity or redemption from infrastructure capital company or infrastructure capital fund or public sector company or scheduled bank
C: which the Central Government may, by notification in the Official Gazette, specify in this behalf.
D: All of the above

The answer is: D