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Tax Liability on Debentures

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 April 2010 What is the tax liability on premium earned on selling Secured Redeemable Optionally Convertible Debentures.
Thanks in advance!!
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chetan soni

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chetan soni (Expert)
20 April 2010 yes, TDS is deductible for cab services. You need to see the limits of sec. 194C.
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Querist : Anonymous

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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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