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Debenture intetst

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(Querist)
09 July 2014 whether interest received from debenture is taxable? If yes what are tax implications?
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CA Parul Saxena

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CA Parul Saxena (Expert)
09 July 2014 yes interest received from debentures is taxable under the head 'income from other sources'. If the assesssee is individual then individual slab rate is applied if the assessee is corporate then flat rate of 30% is applicable.

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