Section 193 - TDS on Interest on securities

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f interest paid/payable. Rate of TDS 10% Time of deduction The tax is to be deducted either at the time of payment in cash or issue of cheque or any other mode, or at the time of credit of interest to the account of payee, or to the interest payable account or suspense account whichever is earlier. Non applicability of TDS u/s 193 TDS shall not be deducted in following cases: any interest payable .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and ( b ) such interest is paid by the company by an account payee cheque; Accordingly, the Central Government has, vide Notification No. 27/2018 28/2018 dated 18/06/2018 Notified the Power Finance Corporation Limited 54EC Capital Gains Bond issued by Power Finance Corporation Limited. the Indian Railway Finance Corporation Limited 54EC Capital Gains Bond issued by Indian Railway Finance Corporat .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t has full beneficial interest any interest payable to the General Insurance Corporation of India or any of four companies formed under it any interest payable to any other insurer in respect of any securities owned by it or in which it has full beneficial interest any interest payable on any security issued by a company, where such security is in dematerialised form and is listed on a recognised .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X