meabhijit (Project Manager) (172 Points)
05 March 2013
NCD wth coupon 9.62% half-yearly payment is available at YTM (Yield to Maturity) 10.34%. FV= 1000Rs Current trading price = 1034.67Rs As per IT rules, TDS will be deducted above interest payment of 5000/yr.
To avoid TDS complications, what should be my investment amount in the NCD? I plan to hold the NCD till maturity.
Thanks in advance.
Rani
(None)
(277 Points)
Replied 05 March 2013
To my knowledge, tax is not deducted for NCDs if they are in demat form and listed in a stock exchange.
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