Tds on redemption of non convertible debenture issued to fii
This query is : Resolved
19 January 2018
Dear Experts,
I want to know TDS liability on Pvt Company for INTEREST on non-convertible debenture issued to FII in INR currency,
Date of the issue of NCD 1 August 2017
Date of payment of interest 15 January 2018
Amount of total NCD 100 Cr.
The rate of annual interest is 18%.
total interest value is 8.28 Cr.
My opinion is to apply section 194LD in this case, Am I right?
please advice.
Thank you.
I want to know TDS liability on Pvt Company for INTEREST on non-convertible debenture issued to FII in INR currency,
Date of the issue of NCD 1 August 2017
Date of payment of interest 15 January 2018
Amount of total NCD 100 Cr.
The rate of annual interest is 18%.
total interest value is 8.28 Cr.
My opinion is to apply section 194LD in this case, Am I right?
please advice.
Thank you.
CA. Brijesh Baranwal
(Expert)
20 January 2018
Yes, you are right. TDS rate will be 5% + (SC+EC+SHEC) and 20%, if PAN is not available.
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