Interest on Securities – Section 2(60) | Income-tax Act, 2025 vs 1961

§ 2(60) · Income-tax Act, 2025

Interest on securities

ITA 2025 · 2(60) ITA 1961 · 2(28B)
Definition — Section 2(60)

Means interest on any security of the Central or State Government, and interest on debentures or other securities for money issued by or on behalf of a local authority or a company or a corporation established by a Central, State, or Provincial Act.

Act Comparison
Income-tax Act, 2025
2(60)
Interest on securities
Income-tax Act, 1961
2(28B)
Interest on securities
Key Points
  • Maps to Section 2(28B) of the 1961 Act — identical in both Acts covering two limbs: government securities and debentures/securities of local authorities, companies and statutory corporations
  • TDS provisions under the 2025 Act apply to interest on securities above prescribed thresholds
  • Government securities may have different withholding rules compared to corporate debentures
💡 Practical Note

Interest on listed debentures is subject to TDS under the 2025 Act above prescribed thresholds — demat holdings and government securities may have different threshold and exemption rules.

Published by Simplified Tax India — Clear, section-wise comparison of Income-tax Acts. ← Back to Section 2 Definitions Table
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