8 per cent taxable bonds attract TDS from 1st June

Last updated: 01 June 2007

MUMBAI: Eight per cent taxable bonds, floated by the Government in 2003, will attract tax deduction at source (TDS) from today on interest exceeding Rs 10,000 in a year. "Tax is required to be deducted at source on the interest exceeding Rs 10,000 payable during the financial year on 8 per cent Savings (Taxable) Bonds, 2003 with effect from June 1, 2007," Reserve Bank of India (RBI) said in a communication to the banks. The Government has floated the eight per cent taxable bond
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1999
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3499
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4999
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