Tax Liability on Debentures
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2010
What is the tax liability on premium earned on selling Secured Redeemable Optionally Convertible Debentures.
Thanks in advance!!
Thanks in advance!!
20 April 2010
yes, TDS is deductible for cab services. You need to see the limits of sec. 194C.
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 April 2010
I understand TDS is deductible, but i wanted to know whether to treat the income from selling such convertible debentures for capital gain tax or club it with other income and pay tax according to the slab in which it falls?
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