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Tds on debenture interest

09 April 2021

is TDs applicable on interest paid on debentures ?

under which section ?

also is there a threshold limit for non deduction of TDS?

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6 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 09 April 2021

Yes, TDS is applicable on interest on debentures as per provisions of section 193 of the Income Tax Act. ..

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SUSHANT BIDAYE (597 Points)
Replied 10 April 2021

Thanks, But I received interest on debentures from a reputed Tata group company of Rs. 33800 without deduction of tax.

is there any threshold limit for tds

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 11 April 2021

Section 193- TDS on Interest on Securities: A TDS of 10% is to be deducted for individual and HUF on interest from securities received if the limit of Rs. 5000 on debentures and 10,000 on others is crossed

Ankit Neema (2742 Points)
Replied 11 April 2021

If the deductor does not deduct a tds that's their fault, but I don't think that such group done such fault, please check they have deducted your TDS, IF the same is applicable.