Tds

This query is : Open

Report Abuse Follow Query Ask a Query

Guest

Guest (Querist)

28 May 2012 please clarify abt TDS on zero coupan bond issued by the public financial institution.give logical reply

PAVAN RAJPUROHIT

PAVAN RAJPUROHIT (Expert)
Follow

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......

Upgrade to CAclubindia Pro. Subscribe Now!