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Taxability of debenture interest

This query is : Resolved 

22 February 2014 Is debenture interest taxable in the hands of an assessee? If so at what rates? what are the exemptions available?

22 February 2014 yes it is taxable. rate shall vary from assessee to assessee (ie for company it will taxed at 30%, in individual's case it shall be included in slab rates).

no exemption is available

28 February 2014 taxable as income from other sources and will be cal on slab rates as applicable to ind.


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