Debenture intetst
This query is : Resolved
09 July 2014
whether interest received from debenture is taxable? If yes what are tax implications?
09 July 2014
yes interest received from debentures is taxable under the head 'income from other sources'. If the assesssee is individual then individual slab rate is applied if the assessee is corporate then flat rate of 30% is applicable.
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