As per the Finance Act, 2023, with effect from April 1, 2023, tax is required to be deducted by companies on the interest payable to investors on the NCDs held by them.
Claiming exemption from TDS.
If an investor is eligible for exemption from TDS deduction, he/she can submit the required documents online.
Here’s how to claim the TDS exemption:
Upload duly filled and completed Form 121 (effetive from Financial Year 2026-27), along with a self-attested copy of his/her PAN Card, by clicking the link below:
In case you need help
In case the investor requires any further information/clarifications, if any, he/she may contact:
Mr. Kapil Ruhela, Chief Investor Relations Officer at cs@midlandmicrofin.com