I have invested in NCD of Shriram transport finance. The NCD is listed on the stock exchange. I receive interest monthly and no tax is deducted at source though the annual interest is more than rs.25000. the communication I receive from company states that the interest paid is as per section 193 clause IX.
please clarify how the interest received is to be reported?
4 Replies
Dnyanesh Deshpande
(Aspiring CA)
(133 Points)
Replied 11 June 2022
Income from other sources, interest on investment
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 11 June 2022
Yes, report the interest income under the head income from other sources.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 18 June 2022
Reply if you have some answer, don't just play games by putting thumbs on each post.
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