NCD wth coupon 9.62% half-yearly payment is available at YTM (Yield to Maturity) 10.34%. FV= 1000Rs Current trading price = 1034.67Rs As per IT rules, TDS will be deducted above interest payment of 5000/yr.
To avoid TDS complications, what should be my investment amount in the NCD? I plan to hold the NCD till maturity.
Thanks in advance.
To my knowledge, tax is not deducted for NCDs if they are in demat form and listed in a stock exchange.
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