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
no exemption is available
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28 February 2014
taxable as income from other sources and will be cal on slab rates as applicable to ind.
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