Whether TDS is required to be deducted U/s. 193 on Interest paid on securities where the securities (Non-Convertible Debentures) are listed on stock exchange (BSE).
My query is more specifically in relation to Proviso (ix) to sec.193 exempting deduction of tax at source.
Proviso (ix) to sec. 193: "any interest payable on any security issued by a company, where such security is in dematerialised form and is listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and the rules made thereunder.]"
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