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What is the nature of Debenture?

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What is the nature of Debenture?

Posted by Abhishek Puri 6 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Mayank Garg 6 years, 1 month ago

Debenture's nature can be Non Current Liability

Yogita Ingle 6 years, 1 month ago

Interest Payable on Debentures is treated as charge against profits. It is paid periodically by the company on the coupon (interest ) rate on the face value of Debentures. It will be paid as interest net of tax to the debenture holder because company is under obligation to deduct tax at source under the tax rule from time to time. Tax deducted at source will be deposited with the tax authorities by the company.

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CBSE > Class 12 > Accountancy

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