banner_ad

Tds on redemption of non convertible debenture issued to fii

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

CA. Brijesh Baranwal

Profile Image

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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details