Applicability of tax deduction on while purchasng of Bonds
This query is : Open
07 January 2011
we have RPF trust, We are investing funds in to various institutions, my question is while we are purchasing bonds/shares we are paying accrued interest to the concerned agent or some party , wether that interest is subject to deduction under 193 or 194A? can you clarifiy any one , uegent .
09 January 2011
Yes u/s193 applicable for securities/ debentures Pl c section for details. For other than interest on securities 194A will be applicable
18 January 2011
Actully i want it know Reimbursement of Interest on Bonds or Securities is subject to deduction of Tax
Eg: if we purchased securities from "xyz" lets take interest period will be July to Dec. If i purchase from "xyz" on oct , ihave to reimbuse interest for Jul to sep to Xyz. is that taxable u/s 193 or 194A
Eg: if we purchased securities from "xyz" lets take interest period will be July to Dec. If i purchase from "xyz" on oct , ihave to reimbuse interest for Jul to sep to Xyz. is that taxable u/s 193 or 194A
18 January 2011
Actully i want it know Reimbursement of Interest on Bonds or Securities is subject to deduction of Tax
Eg: if we purchased securities from "xyz" lets take interest period will be July to Dec. If i purchase from "xyz" on oct , ihave to reimbuse interest for Jul to sep to Xyz. is that taxable u/s 193 or 194A
Eg: if we purchased securities from "xyz" lets take interest period will be July to Dec. If i purchase from "xyz" on oct , ihave to reimbuse interest for Jul to sep to Xyz. is that taxable u/s 193 or 194A
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