I have invested in NCD of Shriram transport finance. The NCD is listed on the stock exchange. I receive interest monthly and no tax is deducted at source though the annual interest is more than rs.25000. the communication I receive from company states that the interest paid is as per section 193 clause IX.
please clarify how the interest received is to be reported?
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Reporting of income under Sec 193
Replies (4)
Income from other sources, interest on investment
Yes, report the interest income under the head income from other sources.
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