In this part of our TDS series, we will discuss the concept of Section 193 of the tax deduction, that is: TDS on Interest on Securities: Section 193So let’s roll & understand this TDS concept in a simplified manner.Section 193: TDS on Interest on SecuritiesThe first thing which comes to everyone’s mind is “what is interest on securities?”. As per section 2(28B) of Income Tax Act, “interest on securities” means any interest on security (issued by the government whether state or central) and interest on debentures/securities (issued by the company aSEE DETAILS
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