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    <title>Taxability of Interest on NCD`s</title>
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    <description>Taxability of interest on non convertible debentures is queried: whether interest receipts from purchased NCDs are subject to income tax and which categories of NCD interest may be partly or fully exempt. The record contains no substantive answer and only a follow up request for clarification.</description>
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      <description>Taxability of interest on non convertible debentures is queried: whether interest receipts from purchased NCDs are subject to income tax and which categories of NCD interest may be partly or fully exempt. The record contains no substantive answer and only a follow up request for clarification.</description>
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