Fixed Income @ 10% with Sovereign Guarantee

Reupping what I wrote about the recent amendment in taxation for interest income on listed NCDs this Budget. Beginning 1st April 2023, there is TDS on interest income (>5k pa) on all NCDs including those held in demat form. Earlier there was no TDS if NCDs were held in demat & it would not show up anywhere… It was up to ppl to disclose honestly while filing tax returns…