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Section 193 - TDS on Interest on securities

Income Tax - Deduction of Tax at Source (TDS), Collection of Tax at Source (TCS) / Withholding Tax - 05 - SEC - 193: TDS ON INTEREST ON SECURITIES The person responsible for paying to a resident any income by way of interest on securities shall deduct income tax at the rates in force on the amount of interest paid/payable. 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, whichever i .....

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rest payable on such debentures, issued by any institution or authority, or any public sector company, or any co-operative society (including a co-operative land mortgage bank or a co-operative land development bank), as the Central Government may notify any interest payable on any security of the Central Government or a State Government. However tax shall be deductible at source in case of 8% Saving (Taxable) Bonds, 2003, provided the interest on such bonds exceed ₹ 10,000/- during the fi .....

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