good morning sir RAGHAV SARDA from bikaner student of ca inter fm for may 25 in the block concept the book value is zero as per income tax and the machine was sold at 15 lakh and another machine purchase for 5 ...
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In a ZCB bond, the yield on it is considered as accrued income and hence income tax is levied on it and taken in advance on the accrued income. But what if the issuer defaults and the investor doesn’t receive ...