Tds on interest on debentures

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Never Give up....No matter what....
858 Points Joined April 2013

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.

 

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On 11 July 2013 at 13:42 Report
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ACA
1006 Points Joined May 2010

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

 

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On 11 July 2013 at 16:19
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Never Give up....No matter what....
858 Points Joined April 2013

thanks a lot

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On 11 July 2013 at 16:39
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Never Give up....No matter what....
858 Points Joined April 2013

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.

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On 11 July 2013 at 16:43
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artical
21 Points Joined April 2014

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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On 16 April 2014 at 17:38


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