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.
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