Draft a letter, on behalf of Mahalaxmi Textiles Limited, informing Mr. Ganesh Autade that interest for the half-year, on his 250, 9% debentures of ₹100 each held under Folio No. SP/DEB/0099, has been credited to his bank account, after deduction of tax at source, and enclosing th

Question

Draft a letter, on behalf of Mahalaxmi Textiles Limited, informing Mr. Ganesh Autade that interest for the half-year, on his 250, 9% debentures of ₹100 each held under Folio No. SP/DEB/0099, has been credited to his bank account, after deduction of tax at source, and enclosing the TDS certificate.

Accepted Answer

MAHALAXMI TEXTILES LIMITED
Registered Office: MIDC Area, Ichalkaranji – 416115
CIN: U17120MH2008PLC160404

Date: 4th April

Mr. Ganesh Autade
Folio No. SP/DEB/0099

Dear Sir,

Sub: Payment of Interest on Debentures for the Half-Year Ended 31st March

We are pleased to inform you that interest for the half-year ended 31st March, on the 9% Secured Redeemable Non-Convertible Debentures held by you under the above folio, 250 debentures of ₹100 each, has been credited to your bank account recorded with us on 2nd April.

Gross interest for the period: ₹1,125.00
Tax deducted at source: ₹112.50
Net amount credited: ₹1,012.50

A certificate of tax deducted at source is enclosed for your record and for claiming credit while filing your income-tax return. Kindly inform us promptly of any change in your bank account or address, so that future interest payments reach you without delay.

Thanking you,

Yours faithfully,
For Mahalaxmi Textiles Limited

(Pooja Bhingardive)
Company Secretary

Encl: Certificate of Tax Deducted at Source …

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