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Question No. 35
Debenture Intersest is payable?
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Answer 1

${❥}\fbox\red{A}\fbox\orange{N}\fbox\purple{S}\fbox\green{W}\fbox\blue{E}\fbox\pink{R}$

Required answer-:

Interest on debenture is a charge opposite to the profit of the enterprise and has to be paid whether the enterprise has acquired any profit. According to the Income Tax Act, 1961, an enterprise must deduct income tax at the recommended rate from the interest payable on debentures if it surpasses the guided limit.

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