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Tds on debenture interest

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721 Points Posted on 09 April 2021
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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On 09 April 2021 at 18:37 Report
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Chartered Accountant
24588 Points Posted on 09 April 2021
Yes, TDS is applicable on interest on debentures as per provisions of section 193 of the Income Tax Act. ..
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On 09 April 2021 at 18:57
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721 Points Posted on 10 April 2021
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
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On 10 April 2021 at 19:54
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Chartered Accountant
24588 Points Posted on 11 April 2021
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
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On 11 April 2021 at 05:46
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2742 Points Posted on 11 April 2021
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.
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On 11 April 2021 at 11:17
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721 Points Posted on 11 April 2021
Thanks Ankit . precisely that was my doubt. According to me, they have not deducted TDs. but still I will check 26 AS in may.
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On 11 April 2021 at 12:23
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2742 Points Posted on 11 April 2021

Your Welcome Sushant Ji, if you need any other help you can also msg me.

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On 11 April 2021 at 13:39


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