Tds on interest on debentures

Dear Respected Experts,

Please kindly suggest on the following:

A Private Ltd. Company engaged in Construction Activities issued fully secured redeemable non-convertible debentures to Reliance Capital  Asset Management Ltd. (RCAM) and transferred to Individual Investors thereof. The Company is paying Interest on Debentures on Quarterly Basis.

 

Kindly suggest me about the issue of Debentures by a Private Company.

 

And TDS on Interest to be deducted u/s 194A or 193 and at what Rate ??

 

Thanks in Advance.

 

Replies (4)

Interest is liable to TDS u/s 193 @ 10%.

 

thanks a lot

Actually i need a checklist for Audit of Debentures issued by a Private Company.

It would be very appreciable if sombody in this forum could provide the same.

 

Thanks.

dear sir

interest & dividend  as on 30 set 2008 and cedit in account 2 set 2009

pls tell the treatment of intt.

for calculation income for assessment year 2008-2009

 

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