Tax on non-interest bearing debenture
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2014
We have a debentures which bears no interest but a lumpsum amount shall be paid on redemption. What shall be tax treatment?
We have a debentures which bears no interest but a lumpsum amount shall be paid on redemption. What shall be tax treatment?
30 July 2014
not taxable if its capital amount but int is taxable.
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2014
There is no interest payable on this but a lumpsum on redemption.
There is no interest payable on this but a lumpsum on redemption.
30 July 2014
then its capital amount u getting back then its not taxabel.
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