Question

For what duration of Fixed Maturity Plans (FMPs) does indexation benefit apply?

a.

Less than one year

b.

One year or more

c.

Less than six months

d.

Three years or more

Answer: (b).One year or more Explanation:Indexation benefit in Fixed Maturity Plans (FMPs) applies for investments of one year or more. FMPs with this duration provide tax advantages, particularly benefiting investors in higher tax brackets.

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Q. For what duration of Fixed Maturity Plans (FMPs) does indexation benefit apply?

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