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TDS on interest

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(Querist)
06 May 2011 Should tds deduct on interest on debenture ??Pls.suggest me....
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
06 May 2011 Yes. The company should deduct tax on debentures if the payment exceeds Rs. 10000.00 u/s 193 of the Income Tax Act.

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