TDS on interest
This query is : Resolved
21 May 2009
dear all
what is the meaning of "securities" for purpose of tax dedn at source for interest on securities??
what is the meaning of "securities" for purpose of tax dedn at source for interest on securities??
22 May 2009
There is no specified defination of "securities" in Income Tax Act regarding deduction of TDS on it.....But it generally include- Listed Debenture, Non listed debenture...and IT Act, specically determine the securities on which no TDS to be deducted on its interest...such as National defence Bonds, 7 year national saving certificate, gold Bonds,on some listed debentures- whose interest is paid by account payee cheque and interest doesnot excedds Rs. 2500/-,etc.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- Fixed Deposit Claim Relinquishment by the Nominee
- NR GST NUMBER
- ITR 6 Schedule CFL and UD Issues
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- TDS RATE ON RENT PAID TO NRI
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Is CFA or actuary good after CPA and CMA
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers Wrongly Entered
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
