Category Archives: Corporate NCD’s

Section 193: TDS Rate on Interest on Securities

Section 193 deals with tax deducted on interest on securities. Any person making payment to the resident in respect of interest on securities as defined in clause 28B of Section 2 shall deduct TDS at the time of payment or credit to the books of accounts whichever is earlier. Tax shall be deducted @ 10%.… Read More »

Section 194LB: TDS Rates on Income by way of Interest from Infrastructure Debt fund

Insertion of new section 194LB: (adsbygoogle = window.adsbygoogle || []).push({}); After section 194LA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June 2011. Where any interest is payable by an infrastructure debt fund referred to in S. 10(47), to a non-resident which is not a company,… Read More »

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