Tds on interest payable to bank on debentures
This query is : Resolved
20 December 2018
TDS on interest payable to bank on unlisted debentures issued to Bank ? As debentures are covered under securities section 193 is applicable, section 193 does not specifically exempt bank from TDS. Kindly advise
21 December 2018
Yes TDS is applicable as there is no such exception where the debentures are not listed and the interest, in this case, is also not attributable to an individual or a HUF.
prateek63@yahoo.co.in
prateek63@yahoo.co.in
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