Section 193 - TDS on Interest on securities

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..... f interest paid/payable. Rate of TDS 10% Time of deduction 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, or to the interest payable account or suspense account whichever is earlier. Non applicability of TDS u/s 193 TDS shall not be deducted in following cases: any interest payable .....

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..... and ( b ) such interest is paid by the company by an account payee cheque; Accordingly, the Central Government has, vide Notification No. 27/2018 28/2018 dated 18/06/2018 Notified - the Power Finance Corporation Limited 54EC Capital Gains Bond issued by Power Finance Corporation Limited. - the Indian Railway Finance Corporation Limited 54EC Capital Gains Bond issued by Indian Railway Finance Corp .....

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..... ase of 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 or Floating Rate Savings Bonds, 2020 (Taxable) or any other security of the Central Government or State Government as the Central Government may, by notification in the Official Gazette, Provided the interest on such bonds on such goods exceeds ₹10,000/- any interest payable to the Life Insurance Corporation of In .....

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