n NISM Certifications
X NISM Series X
Medium

Unlisted Zero Coupon Bonds shall be considered as long-term capital assets if they are held for 12 months or more.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Under the Income-tax Act, Zero Coupon Bonds are classified as long-term capital assets if held for more than 12 months, irrespective of whether they are listed or unlisted.

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