Difference between “interest on securities" and "interest other than 'interest on securities'
pundalika achyuta bhat
(Querist) 30 July 2014
This query is : Resolved
Sir, whenever Banks deduct TDS from the customer's Fixed Deposit, they issue Form No.:16A. In that Form I have observed various headings specifying to which category TDS has been applied. However I have observed 2 such headings as below:
1) " Interest on Securities"
2) "Interest other than 'interest on securities'.
Now I want to know the meanings of both the above headings. I request experts or any one well versed in the subject please help me to understand the meanings of above 2 headings.
Sir, after the reply is received I have some more questions to ask, which please note.
With regards, Pundalika Achyuta Bhat.
Devajyoti Barman
(Expert) 31 July 2014
Query of academic interest only..no background facts.
K.K.Ganguly
(Expert) 01 August 2014
No reply for academic query.
