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prithwish sengupta
(Querist) 19 November 2011
This query is : Resolved
is interest from infrastructure bond on maturity liable to deducttion of tds?? and what is the rate?>
Sankaranarayanan
(Expert) 19 November 2011
yes all interest are being deducted under tds if the amount cross the tax exemption. it is under 194A of income tax act
B.Chakrapani Warrier
(Expert) 20 November 2011
For bonds that are issued only in electronic format there is no TDS.
Sailesh Kumar Shah
(Expert) 20 November 2011
No TDS shall be deducted on the interest received if the bonds are kept in demat form. There will however be TDS for bonds kept in physical form when interest exceeds
Rs. 2,500 p.a.
While there may be no TDS on the interest on these bonds, they are taxable, and the interest will be added to your income, and it will be taxable.
prabhakar singh
(Expert) 21 November 2011
yes, i do agree experts query reply
Sailesh Kumar Shah
(Expert) 23 November 2011
Mr.Sankar/Mr.Prabhakar Singh/Mr.Devajyoti Barman,
Respected Sir/s,
You are requested to review your answer(s).
Thanks
with Regards,
prabhakar singh
(Expert) 23 November 2011
@Mr.Shah i was proving the charge of scoring made by someone against me in a post addressed to you just to show him that to score points one does not need to read and apply his mind to any query then to write answer.
just remarks like one as"yes, i do agree experts query reply"
Or
"Yes! i agree ." are sufficient ,that too one does not need to type every time,"just copy and paste ,india is the best"
This was to show how easy it is to score even without applying or even any labor i think hopefully there can be a soft ware to do that kind of act on my behalf not even my presence would be needed,if scoring becomes the sole intention of mine.
On the same very day Mr. Arunagiri RIGHTLY confronted me about some query with whom i agree as"yes!i agree" was perhaps typed against two conflicting opinion.Hence i beg his excuse and of all experts here barring the two who have been targeting me since past 2months for reasons best known to them or it may be their habit also which i dislike{i joined here on 26 may}.
prabhakar singh
(Expert) 23 November 2011
My notion on topic is that the ownership style may get you free with TDS only.
But the interest earned is taxable in each and every case,it would be another matter that one who has opted accumulation of interest and not receiving it every year,he may be at option to either get it taxed on accrual basis or on the basis of actual receipt on maturity.
You are free to correct me if i am wrong.
Sailesh Kumar Shah
(Expert) 23 November 2011
Respected Sir,
I salute your contribution to this forum. I have also learned law from you.
Every experts, who is active, knows your appreciable works in this forum.
Thanks for reply.
Again Thanks
with regards,
