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Laser India Ltd. Issued 7,00,000, 8% debentures of Rs. 100 each at par. Company deducts income tax from the interest of these debentures at the source. Interest is to be paid on these debentures half-yearly on September 30 andMarch 31, every year. Amount of income tax deducted half-yearly iRs. 2,80,000.

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