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Income received from Muthoot Finance Ltd-NCD

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(Querist)
10 November 2022 Whether Interest received from Muthoot Finance Ltd. ( Non Convertible Debenture) is Without deducting TDS or after deducting TDS Pay to its customer.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 November 2022 There is no tax deduction at source (TDS) on NCDs offered in DEMAT mode and listed on a stock exchange as per section 193 of the IT Act.
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