Practicing Success
On 1st April 2020, A company issued 1,000, 10% Debentures of Rs 500 each. Interest is payable on 30th September and 31st March. Rate of TDS is 10% . The company closes its books on 31st March every year. Calculate the amount paid to Debenture holders on 30th September 2020. |
₹45,000 ₹50,000 ₹22,500 ₹25,000 |
₹22,500 |
Interest on Debentures for half year = 5,00,000 x 10/100 x 6/12 |