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18 February 2011 sir i want to ask that interest received on securities is taxable under the head 'income from other sources' now interest payer is to deduct TDS on such amount of interest and securities may be listed or unlisted in any recognized stock exchange so my query is that at what rate the payer will deduct TDS on such listed and unlisted securities.
specify the rates separately.

18 February 2011 I understand that you have received interest on some bond or on debenture.

It this is the case, Tax has to be deducted on interest paid u/s 194A of the Income Tax Act3

Tax @ 10% has to be deducted

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18 February 2011 In case of interest on securities as defined in Securuties Contract Act,1956, TDs will be deducted u/s 193.


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