Tds
This query is : Open
Guest
Guest
(Querist)
28 May 2012
please clarify abt TDS on zero coupan bond issued by the public financial institution.give logical reply
29 May 2012
One very special feature of the Zero Coupon Bond is that the income which is paid or payable by an infrastructure capital company or infrastructure capital fund or a public sector company in relation to a Zero Coupon Bond issued by such company or fund or public company no tax at source will be deducted in terms of section 194A of the Income-tax Act, 1961. A provision to this effect has clearly been mentioned in section 194A (3) of the Income-tax Act. 1961.
Guest
Guest
(Querist)
29 May 2012
Mr. Pavan ...u have not understood the question ..Please carefully read the question that ZCB is issued by a Financial institution . so the calrification that u have given os not applicable on it & hence please GIVE LOGICAL REPLY......
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