Ask Value Research

Tax on income from NCDs

Interest income from NCDs is taxed like any other interest income such as interest income from fixed deposits

What is the tax rate on income from capital-protected equity-linked Non Convertible Debentures (NCDs) subscribed through a Portfolio Management Scheme (PMS) and held for 15 months?
- Vishwamohan

Interest income from NCDs is taxed like any other interest income such as interest income from fixed deposits (FDs). In other words, interest income from NCDs will be taxed at the normal rates by including it in 'Income from other sources'.

This article was originally published on December 22, 2015.

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