Wrong TDS Deduction in NCD

[tallerballer]

@Aditya_Gupta

But in this financial year, I have noticed that TDS is applicable

Yes it changed this year.

PSA: TDS on listed NCDs from 1st April 2023

This is a gentle reminder for those who have invested sizeable money in corporate bonds…As of now there was no TDS on interest credits if the bonds were held in demat form (however interest income is taxed at slab rates). this is set to change from FY 23-24. In this year’s budget, they have done away with the existing clause (ix) of proviso to Sec. 193 & TDS will now be deducted (if it crosses the Rs5000 p.a threshold), Interestingly I have bond holdings across tranches in several companies bu…