Table of Contents
·
1. Who
is liable to deduct TDS from Interest on Securities
o
Person
responsible for deduction of tax at source [Section 204(ii)]:
·
2.
When does liability to deduct TDS from Interest on Securities arise:
·
3.
Rate of TDS for Financial Years 2019-20 and 2020-21 in case of Interest on
Securities
o
(1). In the case
of a person (other than a company) resident in India
o
(2). In the case of a Domestic
Company
·
4.
Exemption from TDS Deduction from Interest on Securities
·
5.
Where no Tax is to be Deducted at Source from Interest on Securities
o
(A)
Interest Payable to insurance companies. etc.:
o
(B) Interest
paid or credited by widely held company not exceeding Rs. 5,000 :
o
(F) Any
payment made to New Pension Scheme Trust [Section 197A(1E)]:
o
(H)
Certain entities required to file return under section 139(4A) or 139(4C) [Rule
28AB]: .
o
(I) Certain
entities whose income is unconditionally exempt under section 10:
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