Quick Summary
Section 193 of the Act provides for TDS on payment of any income to a resident by way of interest on securities. 2. The proviso to section 193 of the Act provides exemption from TDS in respect of payment of interest on certain securities. Clause (ix) of the proviso to the aforesaid section provides that no tax is to be deducted in the case of any interest payable on any security issued by a company, where such security is in dematerialized form and is listed on a recognized stock exchange in
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The exemption from TDS on interest payments for listed debentures paid to residents has been removed.
This amendment takes effect from April 1st, 2023.
The exemption was removed because it was observed that recipients were under-reporting their interest income.
This change applies to interest payable on listed debentures that are in dematerialised form.
Previously, no tax was to be deducted at source on interest payable on dematerialised and listed securities issued by a company.
CAclubindia
