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Interest on debentures
Company A has bought Debentures at PAR cum Interest; having Coupon Rate of 18% Interest payable Monthly.
Here the Company has paid Interest to the Tune of Rs.2Lakhs Plus. The interest is paid to the broker as the company does not know the seller.
IS TDS Liable under Such situation and if yes, TDS is to be deposited under whose PAN ?
Replies (1)
how could a company bought debentures without the sellers details?
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