is TDs applicable on interest paid on debentures ?
under which section ?
also is there a threshold limit for non deduction of TDS?
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Tds on debenture interest
Replies (6)
Quick Summary
Yes, TDS is applicable on interest on debentures as per provisions of section 193 of the Income Tax Act. ..
Thanks, But I received interest on debentures from a reputed Tata group company of Rs. 33800 without deduction of tax.
is there any threshold limit for tds
is there any threshold limit for tds
Section 193- TDS on Interest on Securities: A TDS of 10% is to be deducted for individual and HUF on interest from securities received if the limit of Rs. 5000 on debentures and 10,000 on others is crossed
If the deductor does not deduct a tds that's their fault, but I don't think that such group done such fault, please check they have deducted your TDS, IF the same is applicable.
Thanks Ankit . precisely that was my doubt. According to me, they have not deducted TDs. but still I will check 26 AS in may.
Your Welcome Sushant Ji, if you need any other help you can also msg me.
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