how a company will treat discount on issue of debentures and premium on redemption on debentures?can it be treated as revenue expenditure under pgbp sec 37 and deductible in full in the year of issue/redemption or ammortised proportionately throughout the life of debenture?
and please also explain will tds u/s 193 be deducted by co. on interest on debenture given?
CAclubindia
